Bringing you live news and features since 2006 

Demand for VCTs outstrips last year with overall sales set to beat 2019/2020 total


The week to 7 Feb 2021 saw the highest inflow into VCTs of the tax year so far, with GBP33.5 million raised. For comparison, the equivalent week in 2020 saw GBP19 million raised. No individual week in 2020 was higher than last week.  

Alex Davies, CEO of Wealth Club, says: “VCT demand has been buoyant, and has now outstripped the total amount raised at this point last year. With less than two months to the end of the tax year, unless there are any nasty surprises, VCT sales this year should beat last year overall.
“Demand has been driven by a few factors: Firstly, the investment case is much better than it ever was. Thanks to rule changes a few years ago, VCTs are now packed full of fast-growing tech-enabled businesses, the type that have seen their fortunes prosper rather than diminish as a result of the pandemic. Secondly, for wealthier investors there are now fewer ways to build up a decent retirement pot. Pensions are out of the window for many, investing in buy to let has become less tax efficient, and taxes on dividends are also higher. VCTs are an obvious next choice.
“Furthermore, many investors believe taxes will increase in the March Budget, so it makes a lot of sense to put as much as you can into legitimate tax efficient investments whilst you can.”
Wealth Club, the UK’s largest VCT broker, has seen consistent demand for VCTs this year, and sales are currently up 28.5% compared to this time last tax year.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by