Hi.
This video is on how to use MICAP’s performance charts to compare the performance of VCTs.
To start, select VCT Performance under the Performance menu in the black row.
Here you can simply see the Net Asset Value Total Return (or NAV total return)
of each VCT in the market that typically raises funds.
This is the primary way in which VCTs are valued for comparative purposes, as it ignores the
traded share price of the VCTs and focuses instead purely on the performance of the VCT manager.
Growth in the NAV of the VCT is shown in yellow, while dividends paid are shown in grey.
You can toggle off NAV growth to focus only on the dividends paid
by the VCTs - perfect for highlighting the VCTs that are regular dividend payers.
Similarly, you can toggle off dividends to only show the NAV growth of the VCTs.
This is especially useful for highlighting the VCTs that have paid regular dividends from capital,
reducing the value of investors’ shares.
By default, we show the performance of the VCTs over five years,
as this is the minimum holding period for tax relief.
However, you can toggle this from 1 year all the way up to 7 years.
Finally, select the name of any VCT to drill down into
a year-by-year breakdown of its NAV total return over the last seven years.
And that's it.
Thanks for watching - we’ll see you in the next video.