Summary
INCOME-hungry investors are turning their attention to venture capital trusts. These can pay a tax-efficient income for those willing to hold on for the long term and risk their cash.
Venture capital trusts provide money for fledgling companies through loans or direct investment. They tend to invest in a company for at least three years and typically five to six years, expanding it before hopefully selling it at a profit.See the full content of this document
Extract
Risky Vcts May Be Steady Earners
Matthew Woodbridge, VCT manager at London-based broker Chelsea Financial Services, says: 'Venture Capital Trusts are about investing in the grass roots of the economy. Some of the firms will go on to become household names. Clothing retailer Fat Face, for example,...
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