A majority (89%) of financial advisers and wealth managers think venture capital trusts have become ‘attractive’ for clients in current difficult market conditions, according to research.
Overall, a quarter (26%) went so far as to say VCTs were currently ‘very attractive', the research by YFM Equity Partners found. In a period of constrained traditional financing, 82% of wealth managers pointed to the advantages of VCTs in their ability to back small, fast-growing UK companies, saying this was either a key decision criterion or very important. Calastone: UK equities suffered £962m outflows in February 2023 VCTs aim to produce higher investment returns by backing early-stage businesses during an economic downturn, which leaves more scope to benefit from the eventual ...
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