VCTs / EIS

VENTURE Capital Trust (VCT) and EISs could be forced into "riskier" company selections after the Chancellor slashed investment limits four-fold for the second year in a row.

THE ISIS-managed Baronsmead AIM VCT says it has already raised £6.4m despite launching its C share issue just ten days ago.

FUND managers have called for a secondary market to be created for Venture Capital Trusts (VCTs), thereby allowing investors to exit more easily.

CLOSE Ventures has officially launched its Enterprise VCT investing in a mixture of low-risk, asset-based businesses and growth companies across several sectors.

ABERDEEN Asset Managers has won the management contract to run the under performing Guinness Flight VCT.

A VCT investing in the live entertainment sector is set to be launched following close on the heels of the Edge Performance trust.

THE net asset value per share of the Aberdeen Growth Opportunities VCT 2 has risen from 100.06p to 109p following the sale of three holdings.

BERINGEA is seeking to raise £15m in a C share offer for the ProVen VCT.

THE Government has moved to address industry concerns that offshore multi-tiered fund of funds' rules are overly complex.

A LACK of investor risk-taking has been blamed for a tumble in the net asset value of First State's AIM VCT, which plunged 4.77pc between March 1 and August 31.