Will AIM celebrate the arrival of the ISA?
AIM Commentary
By Michael Crockett
After many months of underperformance AIM shares have been thrown not one but two lifelines by the government. In this article AimZine puts forward the view that one of these lifelines – AIM shares being allowed into ISAs – will not only substantially rescue the ailing market but potentially cause a marked upward revision in the shares of many AIM companies.
You wait for years for the government to do something about the poor state of the small cap markets and then, like the proverbial London bus, two initiatives come along at the same time. Firstly, last month the Treasury announced that it was consulting on making AIM company shares eligible for ISAs. Secondly, in the recent budget, George Osborne announced that Stamp Duty will be abolished on shares in AIM and ISDX quoted companies from April 2014. Time to open the champagne? Although they have been a long time coming, these two changes are most welcome and should considerably boost…