Bringing you live news and features since 2006 

Quality of stocks on AIM improves, says FAM


The quality of businesses on the Alternative Investment Market (AIM) is improving, which is good news for investors looking for unique inheritance tax planning benefits, says Fundamental Asset Management (FAM).

FAM, an independent investment management firm specialising in the AIM market, says that over the seven months to end July 2016 there were 30 new admissions (excluding reverse takeovers and re-admissions).
Of these, 25 were qualifying for IHT planning purposes and 16 appear profitable. Of the 60 cancellations, 33 of the companies qualified for IHT planning purposes, 27 didn’t qualify and a significant 46 were loss-making.
The new issues included several substantial, profitable and cash generative businesses. These included Watkin Jones, a developer with a focus on the student accommodation sector, Midwich Group, a specialist audio visual and document solutions distributor and Hotel Chocolat, the premium British chocolatier.
Four substantial companies moved to the main market. This pulled back the overall market value of AIM which would have been even higher than the stated GBP77 billion at end of July 2016 (December 2015: GBP73 billion).
Market movers included Market Tech, GVC, VinaCapital Vietnam Opportunity Fund and Dalata Hotel.
Boxall says: “AIM continues to be a market for small, relatively early stage businesses with pharmaceutical stocks currently popular, replacing the previously fashionable resources sector. However, it is also clearly attracting a growing number of mature, profitable, family or founder controlled businesses who view AIM as a good route to access the capital markets yet still retain an active interest and enjoy the tax benefits of Business Property Relief.”

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by