THE VALUE of investors’ trading in Aim stocks has shot up nearly 30 per cent since August, after the shares became eligible for inclusion in Isas.
Since August 2013, when the change occurred, the average daily value traded in Aim stocks has risen 29 per cent to £127.6m, with a high of £148.4m in October, according to accountancy group UHY Hacker Young.
By contrast, over the same period, the average daily value traded in FTSE100 stocks dropped three per cent to £6.2bn.
UHY Hacker Young said more retail investors were now attracted to Aim stocks, especially as a growing number of firms on the index are now paying a dividend.
UHY Hacker Young partner Laurence Sacker said: “Making Aim eligible for Isas appears to have coincided nicely with a return of appetite for both smaller companies, and for exposure to the UK economy and that has significantly boosted investor interest in Aim.”