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Matrix&#39s Unicorn VCT way ahead of the field

Matrix&#39s Unicorn venture capital trust is running away with the 2002

VCT market, accounting for almost a third of all sales so far this

tax year.

The generalist trust, managed by star small-cap manager Peter Webb,

has taken more than £12.5m in sales since its launch in October

compared with total VCT sales of around £35m. Many of the other

trusts have taken little money this season, with sales estimated to

be down by as much as 70 per cent on the same time last year.

Estimates for total tax year sales range between £100m and

£300m compared with last year&#39s total of £425m.

Editor of www.taxefficientreview.com Martin Churchill says poor sales

are principally due to there being less capital gains to shelter over

the past year. However, he remains optimistic that sales will pick up.

He says: “People are waiting to see where the money goes at the

moment. I think things will start to pick up at the end of February

and the first couple of weeks of March. I am predicting a total of

£200m for the season.”

Matrix director Bridget Cleverly says: “The investment expertise at

Unicorn has clearly been recognised by the fact that the Unicorn VCT

has taken £12.6m so far, which is double that taken by any other

VCT on the market.”

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