Hargreaves: 3 Top VCT Picks

Demand for VCTs is being driven in part by income-hungry investors seeking attractive dividends, restrictions on pension contributions and the headline tax relief

Hargreaves Lansdown 15 December, 2016 | 11:53AM

This article is part of Morningstar's Guide to Alternative Investing. Here, as part of the Perspectives series, Richard Troue, head of investment analysis for Hargreaves Lansdown, gives his three VCT picks.

Investors have shown strong demand for VCTs so far this year. The ProVen offer has already raised £15 million, out of a possible £40 million, which is significantly ahead of where I would normally expect it to be considering the end of the tax year is some months away.

Demand is being driven in part by income-hungry investors seeking attractive dividends, restrictions on pension contributions which are causing high-earners to seek other tax efficient ways to invest, and of course the headline tax relief.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Albion VCT Ord71.00 GBX-1.05
Maven Income & Growth VCT 5 Ord32.25 GBX-1.07
ProVen Growth and Income VCT Ord57.50 GBX0.00

About Author

Hargreaves Lansdown  Hargreaves Lansdown is a financial services company based in Bristol that sells funds and shares and related products via its website and through the post to retail investors in the United Kingdom.

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