Br.smaller Cos. Share Price (BSV)

I have just decided to sell using II - had to call up and seems to only sell every month or so when there is a redemption period - wasn't quite expecting that although appreciate this is a reasonably illiquid holding!

I know this has a fairly static valuation pending any NAV update - but price doesn't seem to have changes since early December. Seems a bit odd. Also doesn't appear to be picked up in my yahoo finance - so shows as a 100% gain every day which is annoying!

Anyone else got any issues?

@doze. Again I have to agree to certain extent. This all is the story we are fed with, and it is partly true. We live in hopes that the managers find the new ARM or Microsoft but unfortunately rarely do and iven if they do its gain is submerged by duds and fees. Even though am dissatisfied have to confess agree that the up front tax rebate and tax free income kindly given by our friends HMRC is a good incentive to invest nevertheless, with the knowledge that a proportion of our capital is helping new industry in UK. However I think it is a convenient strategy by the managers to charge the fees high enough to make them very rich, leaving only just enough for the investors to keep them "on-board". Particularly important now we are coming to Brexit to perhaps look at this kind of practice again and if proved wrong address the problems. Am surprised there are so few complaints like this, as am sure many others are aware they are being grossly over-charged. It all seems like a cosy cartel.

You are largely correct but I think underestimate the exciting low cap area in which they operate and the tax rebate is essentially a gift helping fund the inevitable failures, as you point out, it is immediately discounted in the sale price in open market. To participate in low cap with big potential,diversified, is reasonably low risk and the managers keep you informed on the companies in believable fashion info you don't get from other investments.

@doze. Agree with you, better than bank deposit but only because of multiple tax relief, at much higher risk. Up front tax relief disappears in the discount if sold before wind-up and any capital gains in high fees.. I find it a convenient excuse from VCT managers that they charge high annual fees plus 20% performance fee for only doing their job which they would do anyway when managing small Co. trust or private equity trust. Am not convinced that VCTs are not a gravy train for the aready overpaid retail fund management Companies, at investors expense.