It has been a tough year for investors in the Alternative Investment Market, better known as Aim. Since a recent peak at the end of the first quarter of 2014, the Aim All-Share index – which measures the performance of its entire constituent base rather than the top 100 companies we cover in this two-part feature – has shed 17 per cent of its value. It has, of course, been a period of underperformance for small-cap indices generally, but Aim has had the worst of it; over the same period the FTSE Small Cap index actually rose 2 per cent.
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