Stuart Welch, CEO, TD Direct Investing, said: “This is a very interesting development and one which will increase the types of investments that can be accessed from a stocks and shares ISA. We currently have nearly 40,000 clients with AIM stocks in their trading accounts, so the appetite for alternative types of investment is clearly already there.
“The decision earlier this year to remove stamp duty from AIM listed shares was great news both for smaller businesses, and also DIY investors. AIM shares do traditionally come with more risk than FTSE 100s, so investors should be conscious of their own risk appetite. Part of our role at TD is to give clients the right tools to make solid judgements about a company’s strategy and business model, regardless of its listing.”
Stuart Welch continued: “In July last year, the top 10 AIM buy trades among TD clients were almost solely taken up by natural resource stocks, but this trend seems to have shifted over the course of the last year. The top 10 is now a more diverse array of AIM stocks. For instance, satellite operator Avanti Communications was the number five AIM purchase in July 2013, with Africa’s low-cost airline FastJet taking ninth position.”