Defaqto unveils EIS and VCT ratings on back of MICAP deal

Star and Diamond ratings

Sahar Nazir
clock • 1 min read

Defaqto has expanded product ratings offerings following the acquisition of tax-advantaged investments specialist MI Capital Research (MICAP) earlier this year.

The provider unveiled the addition of ‘Star' and ‘Diamond' ratings for enterprise investment scheme (EIS) funds and venture capital trusts (VCTs). A product's Star rating is a measure of the quality of features whilst a Diamond rating is an indication of product performance. Defaqto said these two ratings are designed to "help advisers and consumers assess products at-a-glance". Liontrust appoints Hymans Robertson and Defaqto for multi-asset range Defaqto chief executive John Milliken said: "The new Star and Diamond ratings for EIS funds and VCTs will help advisers when they discus...

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