The value of Alternative Investment Market (AIM)-listed shares has seen a collective increase of 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 investment manager, which is part of London Stock Exchange (LSE)-listed Close Brothers group, also claimed that holding AIM shares within an ISA will soon be one of the most tax-advantaged of all investments, allowing advisers to help their clients with tax-efficient savings and inh...
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
