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...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on VCTs/EIS

At this year's Autumn Statement, Chancellor Jeremy Hunt reiterated that the government would legislate to renew the sunset clause on VCTs from 2025 to 2035, having confirmed the extension back in October.

Deep Dive: VCT hopes buoyed following sunset clause extension

Despite poor market performance

Elliot Gulliver-Needham
clock 08 December 2023 • 3 min read
The government said it will extend them by a decade to 6 April 2023, after the Treasury confirmed last month the clauses would be expanded to April 2025.

Autumn Statement 23: VCT and EIS sunset clauses extended by a decade

To April 2035

Cristian Angeloni
clock 22 November 2023 • 2 min read
The portfolio is invested in around 45 smaller business-to-business software companies, which are typically more early stage.

Octopus Apollo VCT launches £35m fundraise

First in over a year

Eve Maddock-Jones
clock 17 November 2023 • 1 min read
Trustpilot