BusinessCompany NewsCall for AIM geographic split

Call for AIM geographic split

Highly popular market requires geographical subsections to make it more investor-friendly, says fund manager  

Calls have been made for the
AIM
market to be split into geographical sectors as the influx of new entrants to
the popular exchange shows no signs of abating.

The junior market has more than 1600 companies listed at present and remains
an attractive port-of-call for foreign
IPOs because of
its accommodating regulatory climate.

The exchange is already categorised into three sectors: the Aim 50, the AIM
100 and the AIM All Share index but City figures have suggested that there
should also be geographical sub-divisions.

‘If the list was cut and sliced more it would make it easier for investors to
pick through AIM,’ Richard Power, a fund manager at
Octopus Investments, told City
A.M. Power played down claims that any such break-up would sway investors to a
particular region.

‘People will invest in foreign markets if that’s what they want but AIM has
grown so quickly that the LSE needs to go further in presenting the information
in a clearer way that is easier to navigate. At the moment it is all bundled
together.’

Related links:

AIM has work cut out to make IFRS
deadline

Advisers get ready for policy shift as LSE
tightens regulation

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