TLDR:
Unicorn’s latest venture capital trust, focused on AIM, sold out in just seven days, a rarity among VCTs. Investors were drawn to the trust’s strong track record, tax relief benefits, and focus on smaller firms. Despite challenges in the market, the trust saw enthusiastic backing and oversubscription.
Key Points:
- Unicorn AIM venture capital trust sells out in seven days, oversubscribed
- Investors attracted by tax relief, strong track record, and focus on smaller firms
Unicorn’s AIM venture capital trust became oversubscribed in just seven days, despite a challenging market for VCTs. The trust attracted investors with its status as the largest and longest-running AIM-focused VCT, offering tax relief benefits and a focus on smaller and less developed firms.
While the VCT sector has struggled in recent years, Unicorn’s trust stood out as a positive performer, gaining 1.1% over the last year. The trust’s success points to a market evolving and maturing, with VCTs becoming an integral part of investment advice and planning processes for clients and advisers.
