As investors become increasingly risk adverse in these continued difficult markets, it seems that money for investments on Aim has completely dried up. Shares on the junior market tend to be more illiquid and thinly traded – as well as riskier – so it is no surprise that whatever money there is for shares, it is heading towards companies with a longer track record on the main market. While this is strictly still the case, there are some investors looking to pile money into Aim. These are Venture Capital Trusts (VCTs), and if the market rumour mill is to be believed, they have hundreds of millions of pounds to pour into smaller companies within the next few months. The VCTs are searching for businesses to invest in so that they gain income tax relief. At least 70pc of their investments must be in shares or securities of...
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