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Julian Gibbs

Noble & Company, one of the leading sponsors of venture capital trusts, which has raised 236m out of a total VCT market of 1.6bn, is sponsoring four VCTs this season, all among the best in their categories.

The Invesco Perpetual Aim VCT, managed by Invesco’s award-winning smaller companies team, was launched last August and has already seen its net asset value rise by over 15 per cent.

Enterprise VCT is one of the top-performing generalist VCTs which invests both in Aim and unquoted shares. Here, investors will get exposure to an established portfolio which should continue to provide tax-free dividends and profitable exits.

The third VCT is a new specialist fund called Univen VCT. It provides an opportunity for investors to participate in a fund investing in university spinout companies and other intellectual property-based businesses.

The fourth fund, Quester VCT5, is my personal choice as I believe that the technology sector is likely to take off after four or five rough years. Over the past year, Quester5 has made good profits from the now Aim-listed Offshore Hydrocarbon Mapping and Amino Technologies. The latter showed a profit of 270 per cent.

This VCT offers new investors the prospect of achieving other accelerated returns through near-term dividends and profitable exits, so new investors will gain immediate exposure to companies in high growth sectors such as communication technologies, healthcare and life sciences.

Most pundits expect 500m of new investments in VCTs this year. This means that all these trusts are likely to be snapped up quickly, so hurry. It is sensible to spread your risk between all these VCTs.


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