Andrew Buchanan, manager of the Alternative Investment Market-focused Close Investments Beacon Investment fund, says AIM has momentum on its side and could become Europe's market for smaller companies.
The statement comes as the Beacon fund, an Open Ended Investment Companies (OEIC), celebrates its 10th anniversary, having returned some 71% to investors over the past five years. ”It’s a seriously good trading platform for a wide range of companies,” Buchanan says. ”That helps explain why it’s outlived its European rivals.” AIM’s successes since being launched in the mid-1990s include seeing off rival markets such as Neuer Markt and Easdaq, while boosting the number of companies listed to some 890 with a total market capitalisation value of more than £24bn as of July this year. ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
