AIM stocks in ISAs would be welcome boost
In the Chancellor’s Autumn Statement, George Osborne stated that the UK Government “will be consulting on the idea of investment in SME equity markets like AIM being held directly in a Stocks and Shares ISA to encourage investment in growing business.” Paul Mumford, Cavendish’s AIM Fund Manager, comments…
This initiative would be a very welcome boost to the AIM market and the companies in it. Not only would it attract private investors to this area of the market where often companies are too small to attract institutional interest but it could also open up the capital markets for smaller companies, offering them financial support which is what banks have clearly not been able to provide in recent years. Cavendish wholeheartedly backs the Chancellor’s decision which will offer some new impetus to AIM shares generally.
It should be noted, however, that while there are many incentives to holding AIM shares in an ISA, the AIM market is a risky market and investors would be wise to have a spread of interests in their portfolio. At present the Cavendish Aim Fund which can be held in ISA accounts is able to do this.
- By Category
- News from other sites
- Special Reports