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Article: Octopus launches new VCT service.
- Article from:
- Investment Adviser
- Article date:
- July 28, 2008
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Copyright informationCOPYRIGHT 2008 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jim Robinson
Octopus, the leading VCT provider in the UK, has launched a new VCT portfolio service that aims to generate an average total return of more than 10 per cent a year.
The service, the first of its kind in the UK, will acquire secondary market shares in 10-15 mature generalist and Aim VCTs, including those offered by Octopus.
The alternative investment specialist said it expected the return to include annual tax-free income of at least 6 per cent after charges.
Octopus director Chris Hulatt, who will oversee investment selection, said he would ...
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