UK - VCTs held for the long-term, says Noble

New research from Noble Fund Managers has found that 81% of intermediaries are investing VCT money on behalf of their clients with a view to holding their investments for the long-term, an eight- to ten-year time horizon. Only 11% said that their clients were investing in VCTs with a view to exiting within the three to five years. The news comes following the Chancellor’s Budget statement which specifies, as part of a number of changes to the VCT market, that the minimum holding period for investors having to hold new shares has been raised from three to five years.