InvestmentsAug 13 2014

ISA investors move into ‘relaxed’ AIM shares

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Isa investors have taken advantage of relaxed Alternative Investment Market rules, acc­ording to Halifax Share Dealing.

Halifax data found that since it became possible to hold Aim shares in stocks and shares Isas in August 2013, 19 per cent of these trades were placed in Aim stocks.

Analysis of Aim values on 5  August 2013 and a year later found the FTSE Aim 100 fell by 5.04 per cent, the FTSE Aim UK 50 fell by 6.9 per cent and the FTSE Aim All-Share rose by 3.32 per cent.

NameValue, 05/08/2013Value, 05/08/2014% Change +/-
FTSE All-Share3,520.833,558.891.08
FTSE 1006,619.586,682.480.95
FTSE 25015,197.1815,351.911.02
FTSE AIM All-Share731.44755.733.32
FTSE AIM 1003,392.613,221.51-5.04
FTSE AIM UK 503,860.483,594.17-6.90

Damian Stansfield, managing director of Halifax Share Dealing, said: “It has provided Isa investors with greater choice, and our data shows that a relatively high proportion of investors have already added Aim stocks to their Isa portfolios.”

Adviser view

Bob Wilson, director of Norwich-based Greensky Wealth, said: “If people have been given good advice, done their research and have not used their Isa allowance for any other reason, it makes sense to put Aim stocks in Isas.”