Article: Octopus launches new VCT service.

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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