What does WPCT mean in UNCLASSIFIED

Woodford Patient Capital Trust (WPCT) is an investment trust listed on the London Stock Exchange and managed by Woodford Investment Management. WPCT invests in a portfolio of private companies, from early-stage ventures to mature businesses. The aim of WPCT is to generate long-term capital growth through a balanced approach to investing across different stages of the company life cycle.

WPCT holds a number of different asset classes including equities, bonds, alternatives, cash and derivatives. The majority of investments are made into unquoted and AIM listed companies with a smaller proportion invested into larger quoted companies.

WPCT generates income from two main sources; dividends received from its equity holdings and interest on loans made to certain Holdings. Additionally, profits may be realised through new investments being made at attractive valuations or the sale/realisation of existing holdings at higher prices than their original cost.

The objective of WPCT is to deliver capital gains over the medium to long term, rather than short-term return or yield for investors. Investing in WPCT provides access to an exciting portfolio of direct private investments which can often be difficult for individual investors to access directly themselves. Furthermore, it also provides access to an experienced team managing the fund who are focused on achieving long term value creation out of these investments.

No, investing in WPCT may not be suitable for all investors due to its focus on direct private investment opportunities which can involve higher risks than investing in more traditional securities such as stocks or bonds. As with any investment decision it is important that investors ensure they understand the product and make sure it aligns with their risk profile prior making any decisions.

There are a number of costs associated with investing in WPCT including management fees charged by the fund manager (Woodford Investment Management) as well as ongoing expenses such as legal and custodial fees which are deducted from the performance before being reported back to shareholders. Additionally, there may be broker fees if shares are bought or sold via a stockbroker.

You can buy shares directly from a stockbroker such as Hargreaves Lansdown or Interactive Investor by setting up an account and following their instructions on how to purchase shares or you can contact your financial adviser who should be able provide information regarding how you purchase them.

There is no minimum amount required when buying shares into Woods Patent Capital Trust however you must consider transaction costs charged by your broker before making any investment decisions.

As with all investments held outside an ISA tax wrapper then capital gains will be subject taxation upon realisation (sale) however there are no specific tax advantages when investing in Minutes Capita Trust.