Most recent questions How are the Exchanges markets differentiated for closed-ended investment funds?
The Main Market offers funds access the widest possible investor base from institutional to general retail investors. The rules governing admission and ongoing levels of shareholder engagement and transparency reflect this in that they are super-equivalent to EU Directive standards. The Specialist Fund Market is a peer group market designed to appeal to alternative funds and their sophisticated investors. The rules governing corporate governance and transparency standards reflect this by replicating EU Directive minimum standards, which also qualifies the market for most investment mandates. The market is designed to accept more sophisticated fund vehicles, governance models and security types that are likely to be characteristic of the funds involved. AIM offers a market for ‘vanilla’ funds. AIM is suitable for the more straightforward funds seeking a broad investment audience including institutional and retail investors. However, as an Exchange-regulated rather than an EU Regulated m
