Finding future winners with VCTs
Mar 19, 2021
3 minutes
David Prosser Business columnist
Venture-capital trusts (VCTs) investing in fledgling companies proved resilient during 2020, with the average fund delivering a return of 4%, according to the Association of Investment Companies (AIC), compared with a 10% loss from the UK stockmarket amid the Covid-19 crisis. In an AIC survey of VCT managers, 40% said trading prospects for the businesses in their portfolios had actually improved during the pandemic, while a further 27%
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