The Venture Capital Trust (VCT) market is on track to generate a significant increase in new inflows this year, according to Albion Ventures managing partner Patrick Reeve, but it is not yet clear what role platforms will play.
Excluding enhanced share buybacks, where existing holdings are reinvested into a new offer, VCTs raised about £250m in 2013. Reeve anticipates inflows of new money to grow by a further 40% to reach £350m by the end of 2014. He said: "The investment climate is better, the stock markets are up and investors generally shell out a bit more when life is looking rosier. "There has been an increasing realisation over the past few years as pensions have tightened that VCTs can be used as a supplement." Reeve, while welcoming of the impending changes to the rules surrounding VCT purchases v...
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