Oxford Capital defends EIS funds

Oxford Capital is defending EIS products, claiming that despite many risky providers existing, the fo...

Oxford Capital is defending EIS products, claiming that despite many risky providers existing, the format can present a sound opportunity. It claims its first scheme has delivered 20% per annum annualised, within a prudent risk framework, as well as offering the enticing tax breaks associated with EIS. Accountancy UHY Hacker Young slammed EIS schemes in May, citing a 2003 HM Revenue & Customs report that claimed 22% of EIS investors surveyed had lost all or most of their money and only 18% had made a substantial profit. But Oxford Capital claims the format can reward in a risk-managed ...