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Aberdeen raises VCT profile

Aberdeen Murray Johnstone Private Equity has designed its Aberdeen growth VCT for investors who are becoming more aware of venture capital trusts.

This venture capital trust aims to achiecve long term growth by investing in unquoted companies and those that are listed on the alternative investment market (AIM).

The money raised from the share subscription will initially be invested in seven Aberdeen investment funds. It will then be reinvested in unquoted and AIM listed companies that look likely to develop rapidly and successfully.

Aberdeen Murray Johnstone Private Equity will identify smaller companies that are concerned with products rather than services and those that can generate revenue. Companies that have a good maanagement team are also deemed to have strong growth potential.

This venture capital trust might be suitable for investors who would benefit from income tax relief of up to 20 per cent and capital gains tax deferral of up to 40 per cent. High net worth cients with a sophisticated investment outlook would find this VCT attractive. But it could have wider appeal for less well off clients if the venture capital trust market continues to grow at the rate it has been during the past two years.

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