Compass: The AIC's monthly newsletter
This month in Compass, Ian Cowie heads to Canada and managers explain what’s next for VCTs. And the second year of fantasy fund manager kicks off!
Latest articles, press releases and videos
Tax cuts and difficult markets
VCT managers discuss what's next for VCTs following the Budget.
Challenging time for some smaller companies and their outlook
Jamie Roberts, Managing Partner of YFM Equity Partners, which manages the British Smaller Companies VCTs, Rupert West, Fund Manager of Puma VCT 13 and Andrew Wolfson, CEO of Pembroke Investment Managers, which manages Pembroke VCT talk about the challenging time for some smaller companies and their outlook.
Recorded January 2026.
Why do investors use VCTs and what are the benefits?
Jamie Roberts, Managing Partner of YFM Equity Partners, which manages the British Smaller Companies VCTs, Rupert West, Fund Manager of Puma VCT 13 and Andrew Wolfson, CEO of Pembroke Investment Managers, which manages Pembroke VCT discuss why investors use VCTs and their benefits.
Recorded January 2026.
Which areas of the market are currently offering the strongest opportunities?
Jamie Roberts, Managing Partner of YFM Equity Partners, which manages the British Smaller Companies VCTs, Rupert West, Fund Manager of Puma VCT 13 and Andrew Wolfson, CEO of Pembroke Investment Managers, which manages Pembroke VCT discuss which areas of the market are currently offering the strongest opportunities.
Recorded January 2026
Impact of reducing the upfront tax VCT relief from 30% to 20%
Jamie Roberts, Managing Partner of YFM Equity Partners, which manages the British Smaller Companies VCTs, Rupert West, Fund Manager of Puma VCT 13 and Andrew Wolfson, CEO of Pembroke Investment Managers, which manages Pembroke VCT discuss the impact of reducing the upfront VCT tax relief from 30% and 20%.
Recorded January 2026
Good news in the Budget
Jamie Roberts, Managing Partner of YFM Equity Partners, which manages the British Smaller Companies VCTs, Rupert West, Fund Manager of Puma VCT 13 and Andrew Wolfson, CEO of Pembroke Investment Managers, which manages Pembroke VCT discuss what's the good news in the Budget.
Recorded January 2026
Thematic research
Third-party thematic research on investment companies can be found below.
ARK active ETFs – no medals so far this year
Diverse Income considers switching to open-ended fund to remove “discount risk”
European Opportunities Trust launches strategic review as 25% tender offer and continuation vote loom
Morning briefing: Preqin founder raises HgCapital stake to £94m; Saba lifts SEIT, SCP; Custodian Property Income holds “talks” with family offices; plus SST, BLND, LAND, SYNC
Investing for growth
Find out what growth investing is and how it could help you achieve your long-term financial goals.
Recorded 1 November 2022.
Getting started
If you're new to investment companies, find out what they're all about here.
An introduction to ESG
What is ESG and how does it relate to investment companies?
Saving for your children’s future?
Find out how to invest for your child with investment companies and why they offer good long-term performance.
Glossary
What does that word mean? Find your way around investment trust jargon.
Research tools
Find and compare investment companies and trusts, or look up a company you're interested in.
Invest & engage
Browse a list of platforms that allow you to buy and hold investment companies. Discover how to have your say on how your investment company is run.
