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Aberdeen GO VCT 2 on target for 70 per cent investment

Aberdeen Growth Opportunities VCT 2 managers Bill Nixon and Judith MacKenzie have made 23 investments in the first eight months since the VCT’s launch in April.

The 7.8m trust now has 40 per cent of its portfolio invested in a mixture of private equity and Aim stocks and the managers say the trust is not likely to experience problems being 70 per cent invested in three years.

The announcement follows news that HM Revenue and Customs is to clamp down on VCTs not meeting the 70 per cent investment requirements over the coming year.

Nixon says: “With the Inland Revenue indicating they will get tougher with VCT managers who don’t keep up with the necessary investment rate it is extremely encouraging that AGO VCT 2 has got off to such a good start.”

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