“Welcome to Aim. Where ideas take off.” So says the London Stock Exchange of the UK’s Alternative Investment Market (Aim). This flight analogy isn’t without foundation. One year ago, the Aim All-Share index was up 16 per cent on 2016’s opening price. As we write, it has risen over 20 per cent since the start of 2017.
That said, flights regularly endure turbulence. As we look to 2018, Aim remains a stockpicker’s market. Investors must be prepared to take a gamble on an inherently risky model; arguably even more so when considering smaller companies.