A record total of £540m was invested into venture capital trusts (VCTs) in the 2016-17 tax year - an 18% increase on 2015-16 when VCTs raised £458m.
This is the biggest fund raise in a decade and the second highest fundraising year on record. The highest year was 2004-05, when an increase in income tax relief from 20% to 40% meant VCTs saw flows of...
Months of negotiations
PARTNER INSIGHT: Ian Lance and Nick Purves, managers of the TM RWC UK Equity Income Fund, analyse the tug of war between value and growth that is being observed in markets today and why the future for value investing looks bright.
PARTNER INSIGHT: Ian Lance and Nick Purves, portfolio manager of the TM RWC UK Equity Income Fund, discuss the opportunity shift from growth to value after ten years of underperformance.
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Increased by ten percentage points