In August 2013, standard Individual Savings Accounts (ISAs) underwent significant expansion by broadening the range of eligible companies to invest in. The Government’s decision to include shares traded on multi-lateral trading facilities, such as AIM and ISDX (now AQSE), allowed investors to diversify their investments in smaller, high-growth companies.
The QCA had been influential in this change, having launched a campaign in the years leading up to this announcement.
It was anticipated that allowing AIM and AQSE shares in ISAs would encourage more investment in the stocks of these smaller companies, stimulating their liquidity, supporting innovation and ultimately, leading to the promotion of jobs and the growth of the UK economy.
But did this happen?
Read our report, Ten years of AIM and AQSE shares in ISAs to find out more.