View more on these topics

Julian Gibbs

The eTechnology venture capital trust has been launched with the intention

of investing in technology trusts and shares following the recent sharp

decline in prices.

It qualifies for 20 per cent income tax relief and 40 per cent capital

gains tax roll-over relief, with both profits and dividends being free of


Initially, it will be invested 100 per cent in technology unit trusts and

investments trusts as well as a few individual technology companies.

VCTs do not have to buy qualifying shares for the first three years of

their lives but Cavendish Asset Management, which manages over £50m within

the technology sector, will be investing in qualifying companies as and

when suitable investments arise.

The chairman is Michael Teacher, chief executive of Hillsdown Holdings,

and another non-executive director is David Svendsen, who was formerly

managing director and chairman of Microsoft.

This is a brilliant way of investing in technology stocks after the recent

market fall and with the best possible tax breaks.

Some of the main holdings will be the Close Techmark unit trust, which is

33 per cent off its high, Framlington NetNet (about 30 per cent) and SocGen

technology and Aberdeen technology (around 24 per cent).

Technology shares will certainly rise again. They have always been a

rollercoaster ride and the time to get in is when prices are low and you

can have tax breaks.

Unlike most other VCTs, eTechnology always aims to be fully invested. While the amount of money that the eTechnology VCT can take is limited, I believe that there other technology offers in the pipeline.


FSA in move to stamp out money launderers

The FSA has set out its strategy for IFAs in the fight against moneylaundering.In its new role, required by the Financial Services and Markets Bill, theregulator will have the power to institute criminal proceedings forbreaches of the money laundering regulations of 1993.The rules include ensuring the names and addresses of new customers areknown, keeping records, […]

Investment View

What a week. The last time I recall the Stock Exchange being unable tooperate was in the aftermath of a hurricane that scythed its way throughSouth-east England, blocking roads and railway lines and preventing dealersfrom arriving at work. It was unfortunate that the October 1987 storm tookplace just before one of the biggest ever falls […]

IFAs claim ….

IFAs claim they are baffled by the trendy, management-speak job titlesadopted by Royal & Sun Alliance.Where once you had an IFA pensions marketing manager, the life office nowboasts an asset accumulation leader. The market manager for pensions hasbecome asset release leader and the post of savings and investment marketmanager has been renamed IFA personal market […]

Co-op says there&#39s no place like home service

Co-operative Insurance Society has hit back at criticism of thehome-service financial services industry.It is concerned that all companies with a home-service division are beingtarred with the same brush.The FSA says industrial-branch products are poor value and customersshould be wary of them.Labour MP Jim Cousins and Liberal Democrat MP Vincent Cable have calledfor the FSA to […]

Where next for the price of oil?

Having stabilised at around $65 a barrel, many investors are questioning if the price of oil will rise, and when. Richard Hulf provides his view. Richard Hulf, manager of the Artemis Global Energy Fund, sets out his thoughts about how the oil price may move through the next six months. At the start of the […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm