8th August 2013
Investor have ploughed thousands into the Alternative Investment Market, or so called AIM shares since the start of the week when they became eligible for inclusion in Isas writes Philip Scott.
Stockbroker, The Share Centre saw a massive 164 per cent increase in the number of AIM-listed stock purchases on the 5 August compared to Monday 29 July, as a result of new investment rules which now allow investors to snap up AIM-listed stocks to include in their Isa, a tax efficient savings wrapper.
Nearly 42 per cent of all AIM purchases made through The Share Centre on Monday 5 August were held in an Isa, where in the 2013-14 tax year UK savers can put up to £11,520 into a stocks and shares, where any capital gains are tax free. The five most popular AIM-listed stocks on the day were Fastjet, Sirius Minerals, Monitise, GLOBO, and IGas Energy.
Gavin Oldham, chief executive at The Share Centre, says: “Isa-wrapped AIM investment is off to a flying start. We have seen an excellent early appetite from investors looking to take advantage of the new tax efficient way to invest in AIM stocks. As the new eligibility becomes more widely known, and AIM stocks take their rightful place as a key component of the average investors’ portfolio, AIM investment will pick-up a head of steam, supporting the growth of the UK’s small but expanding companies.”