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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.


Gartmore – Gartmore Global Focus Fund

Wednesday, 24th January 2001.Aim: Growth by investing in quoted large and mid cap companies worldwide.Minimum investment: Monthly £50, lump sum £1,000. Isa monthly £100, lump sum £3,000.Investment split: 100 per cent in quoted large and mid cap companies worldwide.Isa link: Yes.Pep transfers: Yes.Charges: Initial 5.25 per cent, annual 1.5 per cent until January 31, 2002, […]

Stakeholder and IPAs in expansion plan

Cofunds is looking to expand its service to offer IFAs stakeholder and individual pension accounts. Chief executive Sam Jen sen says the platform would be ideal for such products although he could not say when Cofunds would be able to offer them. Head of sales Rodney Ald ridge says: “We are producing an admin platform […]

New Star Asset Management appoints new staff

New Star Asset Management is appointing Mark Skinner, currently Norwich Union&#39s sales and marketing director for investment funds, as its retail managing director of sales and marketing. Norwich Union head of sales Mark Hilliam and head of national accounts and partnerships Greg Jones will both join Skinner at New Star in May. New Star chairman […]

Misys IFA retests 3,300 after PIA training visits

Following PIA visits, Misys IFA is to reassess the 3,300-strong IFA membership of three of its networks, Kestrel, Countrywide and Financial Options, at a cost of £350,000. In a letter obtained by Money Marketing, Misys IFA tells its members that, after the visits last year, the regulator uncovered evidence to suggest not all members were […]


What employers should expect over the next five years

A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits.  By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.


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