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VCT guides aimed at potential investors

Investment specialist Northern Venture Managers and IFA David Aaron Partnership have each prod- uced investor guides to ven-ture capital trusts.

The NVM guide aims to give potential investors a straightforward explanation of the tax advantages of investing in a VCT and is presented in question and answer format.

NVM recently announced the launch of the £20m Northern Aim VCT, which is its first new fund since its link-up with Edinburgh Fund Managers in June.

The trust is due to be launched later this month and will invest in new issues on the Alternative Investment Market, pre-flota-tion placings by unlisted companies and later-stage venture capital investments.

The David Aaron Partnership guide explains the risks, the tax reliefs and how investment returns from VCTs compare against other types of investment.

It also includes 10 golden rules on how to select a VCT and explains what action existing investors should take when their VCT has been in existence for five years.

Chief executive David Aaron says: ” The best of the new VCTs are likely to be oversubscribed early.

“More and more investors and their advisers are realising that venture capital trusts are not nearly as risky as their name suggests.”

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