LONDON, November 19, 2015 /PRNewswire/ --
Guinness Asset Management, which is authorised and regulated by the Financial Conduct Authority, announces that the Guinness AIM EIS 2016 is now open for investment. This is a discretionary managed service that will invest in AIM-listed companies through the tax-efficient EIS structure. It follows on from Guinness AIM EIS offerings in previous years.
As with previous Guinness AIM EIS offerings, Guinness AIM EIS 2016 is targeting capital growth by making investments in AIM-listed companies that qualify for EIS reliefs. The Service may invest up to 20% of aggregate subscriptions in ISDX-listed or pre-IPO companies.
AIM-listed companies can be attractive to EIS investors for a number of reasons. They offer good transparency of performance by virtue of their listing, and the requirements to publish results twice a year and update the market with price-sensitive information. In addition, their AIM-listing can provide investors with more flexibility when it comes to exit after the EIS three year holding period.
The fund manager is targeting returns in excess of £1.30 to investors (£1.60 including 30 pence EIS Income Tax Relief) net of all fees per £1.00 invested.
Deferral of Guinness Fees
As with previous Guinness AIM EIS offerings, Guinness Asset Management will defer all its fees on this offering until they can be paid from the proceeds of investments. This is a departure from traditional fee structures for EIS offerings and enables the investment manager to invest up to 100% of an investor's subscription in EIS qualifying companies. Investors may claim EIS tax reliefs on the sums invested, so this structure helps maximize this amount for investors.
In addition, Guinness AIM EIS 2016 is structured as an approved fund, which greatly eases the administrative burden for investors. Investors will receive one EIS 5 certificate once their Subscriptions have been invested, rather than receiving a certificate for every investment made by the fund.
Guinness AIM EIS 2016 is managed by the existing Guinness AIM investment team of Andrew Martin Smith, Shane Gallwey and Hugo Vaux.
They are supported by an Investment Committee that complements the team with the experience of Tim Guinness, Edward Guinness and Lord Flight, Chairman of the EIS Association.
Andrew Martin Smith, Lead Fund Manager, commented on Guinness AIM EIS 2016:
"We will continue to build on the success of our existing AIM EIS investments, looking to invest in 10 or more companies across a range of sectors from early stage to more mature businesses."
SOURCE Guinness Asset Management