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Venture capital trust investors lose year-end fixation

Over £35m was invested in venture capital trusts in the last week in November 2000, showing the fastest rate of investment since the start of VCTs in 1995, according to a report from Allenbridge Performance Analysts.

Allenbridge believes the rise is a result of a shift in the VCT market away from income tax to capital gains tax mitigation. VCT investment is moving away from a year-end fixation as investors have a continual need to shelter CGT in the 12 months following realisation.

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