Data provider MICAP has expanded its scoring system to rate venture capital trusts (VCTs), enterprise investment schemes (EISs) and business relief based on fees and charges.
A ninth score has been added to the firm's proprietary scoring system, which will take into consideration fees and charges to rate every fund. This is in addition to an existing suite of scores rating each fund's track record, level of diversification, stage of companies targeted, exit strategy, liquidity, the manager's HMRC procedures and regulatory status. Deep Dive: VCT hopes buoyed following sunset clause extension MICAP explained the new score captures the fees outlined in the fund's marketing material, but also include the fees that managers are charging to investee companies...
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