Puma Investments, the specialist provider of tax efficient investment solutions is delighted to announce that Advisers can now access its award winning AIM IHT Portfolio Service through Ascentric, one of the UK’s leading wrap platforms. The service can be held in ISAs as well as a range of other investment wrappers.
The AIM IHT Service is a discretionary portfolio service that seeks to mitigate inheritance tax by investing in a carefully selected portfolio of Alternative Investment Market (AIM) shares. The Service is available in a variety of wrappers, including as an ISA, which enables investors to mitigate against inheritance tax whilst retaining the benefits of an ISA.
The Service invests according to strict stock selection criteria, focusing on high quality companies with strong margins, good returns and a track record of cash generation.
Puma AIM IHT Service won Best AIM Investment Manager at the 2016 Growth Investor Awards. Puma Investments is a subsidiary of Shore Capital, an AIM listed investment group, which specialises in tax efficient investment solutions itself.
Puma’s Chief Executive, David Kaye, said:
“Our AIM IHT Service has delivered strong risk adjusted returns for investors since its launch in 2014. In June of last year we celebrated the Service’s second anniversary, over which time it had delivered a 21.9% return, outperforming the FTSE AIM All Share Index by 31.8%*.
“The Service combines the potential benefits of long term growth investing with potential inheritance tax relief for investors in and outside of ISA tax wrappers. As we broaden our distribution to suit our clients’ requirements, we are delighted to partner with a market leading wrap platform like Ascentric, which is well positioned to meet our high standards in serving Advisers’ needs.”
* All performance data is quoted net of management and dealing fees. Source: Puma Investments, FTSE International. In 2014 Puma AIM delivered a 4.7% return. FTSE AIM All Share Index returned
-10.6%. In 2015 Puma AIM delivered a 30.9% return. The index returned 5.2%. In 2016 Puma AIM returned -3.56%. The index returned 10.9%.
Summary Risk Factors for all Offerings
An investment in the Puma AIM Service, Puma EIS, the Puma VCTs and Puma Heritage plc (collectively the “Offerings”) carries risk and investors should take their own independent advice. Below are the key risks however investors should read in full the relevant offering documents:
- General: Past performance is no guarantee of future results and share prices and their values can go down as well as up. Forecasts are not a reliable guide to future performance.
- Capital at risk: An investment in the Offerings can be viewed as high risk. Investor’s capital may be a risk and investors may get back less than their original investment.
- Tax reliefs depend on individual’s personal circumstances, minimum holding periods and may be subject to change. There can be no guarantee that the Offerings will fulfill the criteria to obtain tax relief.
- Liquidity: It is unlikely there will be a liquid market for any of the investments in the Offerings and it may prove difficult for investors to realise immediately or in full the proceeds.
Enquiries:
Puma Investments
David Kaye, Chief Executive
+44 (0) 20 7408 4050
david.kaye@pumainvestments.co.uk
Ben Sears, Senior Manager
+44 (0) 20 7408 4050
ben.sears@pumainvestments.co.uk
About Puma Investments
Part of Shore Capital Group, Puma Investments is a specialist provider of tax efficient solutions. Puma VCTs were the first planned exit VCTs to have returned 100p in cash to shareholders, equivalent to a 66% total return tax free. Puma VCTs III and IV achieved an IRR of c. 9.7% p.a., while Puma VCT V returned 106.3p per share (excluding initial tax relief). The latest VCT, Puma VCT 12, achieved the largest Limited Life VCT fundraise in the 2015/16 tax year, attracting £31 million.
Puma Investments has built upon its excellent VCT track record and offers a range of tax efficient solutions:
- Puma EIS – employs a similar investment strategy deployed by the Puma VCTs aiming to provide investors with downside protection in a carefully managed portfolio;
- Puma Heritage – focuses on secured lending with the objectives of capital preservation and risk mitigation, whilst intending to benefit from 100% relief from inheritance tax after two years; and
- Puma AIM Inheritance Tax Service – is a discretionary portfolio service which seeks to deliver long term growth whilst also mitigating inheritance tax, It is available within an ISA and has a minimum investment of £15,000. The Service won Best AIM Investment Manager at the 2016 Growth Investor Awards.
http://www.pumainvestments.co.uk/
https://www.linkedin.com/company/puma-investments-uk
About Shore Capital Group
Shore Capital is an AIM quoted independent investment group. Founded and majority owned by entrepreneurs, for three decades Shore Capital has been helping entrepreneurial businesses reach their full potential, find committed long term investors and develop into significant enterprises. The business offers innovative corporate advice; a leading market-making business; some of the most respected investment research available in the UK; and a diverse range of high quality investment opportunities, including its hugely successful VCTs and principal finance activities.
The Group is based in Guernsey, London, Liverpool, Edinburgh and Berlin. Shore Capital Stockbrokers Limited, Shore Capital and Corporate Limited, Shore Capital Limited and Puma Investment Management Limited are each authorised and regulated by the Financial Conduct Authority. Shore Capital Stockbrokers Limited is a member of the London Stock Exchange.