The Alternative Investment Market (AIM) has jumped 25% since legislative changes lifting the ban on direct ISA investments were announced, research by Close Brothers has found.
Close Brothers Asset Management said that since the government's announcement last July that AIM-listed shares could be held in ISAs from August 2013, AIM share values have risen dramatically, pushing the average market capitalisation of AIM stocks to £70m (LSE December 2013) - the highest since May 2011. The FTSE AIM All Share climbed from a low of 685 points at the tail-end of June to climb to 882pts recently, before troubles in emerging markets knocked a chunk off markets in the last week. Close said the asset class could get another lift shortly, as holding AIM shares within an IS...
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