Martin Currie's Dan Green: Celebrating three decades of AIM

Appealing valuations

AIM celebrates its 30th anniversary this month and, like most of us at that age, it appears nervous about its turn of the decade.

Its 20s were certainly a struggle, with Brexit then Covid, all followed by last year's reduction in inheritance tax (IHT) relief. These events led to a significant pull back in recent returns, resulting in a rather underwhelming less than 1% annualised total returns since it launched in June 1995. Quite the contrast compared to what premium smaller companies have historically offered long-term investors. From where we stand now, AIM valuations are unquestionably appealing. We suggest some of the most attractive small-cap valuations internationally. It is therefore a consideration of t...