Reasons to be cheerful (believe it or not!)
AIM investors have had to get used to the thinnest of gruel, with three consecutive years of negative index price returns. Such a run has only been seen once before in AIM’s illustrious life, during the 2000-2002 period. The despondent investor may take some heart from what happened next: in 2003, AIM delivered a 38.6% return, backed up by a 20.4% return in 2004.
Yet, as Buffet quipped, “you pay a very high price in the stock market for a cheery consensus”, and valuations across AIM are pricing in an extremely negative outlook. The future only needs to be less bad than those expectations, already baked in to current low share prices, to make strong returns from here.
To finish, we covered the changes arising from last year’s budget and guidance on navigating the new rules.
In this webinar we explored the opportunities available to AIM IHT investors, supported by investee company case studies that bring to life reasons we remain so bullish and passionate in supporting some genuinely world class companies.
ESG – rumours of its death are (mostly) exaggerated
Sentiment towards Environmental Social and Governance (ESG) is showing signs of cracks in recent months following years of positive outperformance.
The market has become sceptical of the topic following recent fund outflows, accusations of greenwashing and companies citing it as uneconomic and unviable.
This view that the costs outweigh the benefits of ESG is seen as detrimental to client returns… but it does not have to be.
Join our team to hear more about the ESG landscape, why we believe a simple and pragmatic approach is best, and examples of engagement with investee companies.
Spotlight on the Stellar AiM IHT Service
When it comes to the Alternative Investment Market (AiM), there is often an assumption that larger market capitalisation means less risk.
However, this is not always the case.
Small-cap stocks represent one of the last areas of market inefficiency. This is why the managers of the Stellar AiM IHT Service are looking for opportunities in this space.
Whilst there is hidden value within these small-caps, a different focus requires a different approach to AiM investment.
Join our team as they unpack how this process allows us to get in early when stocks are smaller, cheaper and below the radar and exit when they become larger, expensive and more coveted.