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Investment Focus
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RISK WARNING
The value of an investment in Edge Performance or any other VCT may go down as well as up and you may not get back the full amount invested. An investment in a VCT may be higher risk than investing in other securities listed on the London Stock Exchange’s official list and may be more difficult to realise. You should not invest in Edge Performance or any other VCT unless you have carefully thought about whether you can afford it and whether it is right for you. You should regard an investment in Edge Performance or any other VCT as a longer term investment. We recommend that you seek independent financial advice from an appropriately authorised independent financial adviser as to whether an investment in Edge Performance or any other VCT is suitable for you, as well as your personal entitlement to any tax reliefs associated with an investment in a VCT. The share price of a VCT may not reflect its net asset value.
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The VCT with an Edge
Edge Performance is an innovative VCT which offers the opportunity to invest in the entertainment industry, concentrating on live music and other events. Edge Performance utilises arrangements that seek to combine high targeted returns with reduced downside risk and enhanced liquidity whilst allowing investors to take advantage of VCT tax reliefs.
- Exposure to a growth market
The live music concert and festival market in the UK has demonstrated strong growth with an 82% increase in the number of concerts over the past five years, and is forecast to grow a further 106% over the next five years. In the period from 1999 to 2004 revenues (excluding those from smaller venues such as pubs and clubs) increased from £475 million to £613 million, and have been predicted to continue to rise to a level of £836 million by 2009. (Source: Mintel)
Table: Actual and forecast annual attendance at music concerts and festivals (Source: Mintel)
Unlike the recorded music industry, mobile and internet technologies are proving beneficial to the live events industry, enabling the growth of live events by making ticketing and promotion more personal and direct. Over half of those who have attended a concert or festival in the last three years bought their ticket over the Internet. Almost 84% of the population own a mobile phone allowing paper tickets to be replaced with barcodes sent directl to the customer’s mobile phone. Also events are being promoted through the use of WAP video footage sent direct to phone. (Source: Mintel)
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