Guinness launches Best of AIM fund

Guinness said the portfolio will attempt to identify companies that have demonstrated a "sustainable competitive advantage by reporting persistently high cash-flow returns on capital". Although more than 900 companies are quoted on AIM, Guinness said only about 60 qualify for BR, which the firm whittles down to around 20 equity holdings for its portfolio. One of the biggest advantages of BR assets are their full inheritance tax relief after a two-year holding period. According to LGBR Capital head of tax products Jack Rose, an estimated £1.1bn was raised into IHT strategies that used ...