The launch of the Alternative Investment Market (Aim) in 1995 was one move in a long line of attempts to expand the number of listings in the UK of higher-growth, but higher-risk, smaller companies through light-touch regulation aimed at make listing both cheap and easy.
Over three decades ago an academic paper revealed a simple yet highly effective way to improve investors’ odds of stock market success: avoid the big names and instead identify tomorrow’s giants. The study, carried out by Rolf Banz in 1981 at the University of Chicago, first documented what is known today as the ‘small firm effect’ or ‘small-cap premium’, whereby over the long term smaller-sized shares deliver much higher returns than their larger rivals.
Investors should make use of the government's decision to allow AIM shares to be included in Isas.
We run through the 12 Aim shares that have shot the lights out over the past nine years.
Marina Gerner hears how fund managers investing in smaller technology companies identify those with the potential to realise stellar returns.
David Budworth navigates the Aim market to assess the risks and opportunities for investors in search of capital growth and more.
Discover the most-traded stocks in the FTSE 100, FTSE 250 and AIM in 2017's first quarter, and the most-popular funds.
Lots of AIM companies could be affected by Donald Trump's likely policies. Former AIM writer of the year Andrew Hore analyses some of the most exciting.
Three leading fund managers explain their post-referendum outlook for smaller companies and whether the sector looks good value today.
Markets have been weak in recent weeks so this is a good time to consider more defensive investments on Aim. Andrew Hore picks his top six.