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Guinness Asset Management Launches Guinness AIM EIS 2014 to Invest in AIM-listed Companies that Qualify for EIS

LONDON, December 9, 2013 /PRNewswire/ --

Guinness Asset Management announces that the Guinness AIM EIS 2014 is now open for investment. This is a discretionary managed service that will invest in AIM-listed companies through the tax-efficient EIS structure.

AIM-listed companies

Guinness AIM EIS 2014 is targeting capital growth by making investments in AIM-listed companies that qualify for EIS reliefs.

Changes in 2012 allow larger companies to benefit from EIS tax reliefs. These changes include increasing the maximum number of employees from 50 to 250 and the maximum gross assets from £8 million to £16 million following an investment. As a result the number of AIM-listed companies that can benefit from EIS tax reliefs has increased. In addition, the recent improvement in the economic climate has seen an increased number of IPOs and new share issues by AIM-listed companies, providing an active market from which the investment manager can select investment opportunities.

AIM-listed companies have an additional attraction to EIS investors, in that there is liquidity in the shares by virtue of their listing, enabling investors to exit more readily after the EIS three year holding period.

We aim to deliver returns in excess of £1.30 to investors (£1.60 including £0.30 EIS Income Tax Relief) net of all fees per £1.00 invested.

Innovative Fee Structure

Guinness Asset Management will defer all its fees 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 2014 is structured as an approved fund, which greatly eases the administrative bureden for investors. Investors will receive one EIS 5 certificate once their Subscriptions have been invested, rather than receiving multiple certificates as is the case with unapproved funds.

Strong team

Guinness AIM EIS 2014 will be managed by Andrew Martin Smith, with assistance from 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.

Exciting opportunity

Andrew Martin Smith, Lead Fund Manager, commented on Guinness AIM EIS 2014:

"The changes in EIS legislation allowing us to invest in a larger range of companies, coupled with the increased new issuance from AIM-listed companies, has made this an attractive area of investment for us and gives investors the opportunity to gain exposure to companies at interesting stages of development".

Notes to Editors

Enterprise Investment Scheme ("EIS")

The EIS benefits for investors are well documented, and include:-

  • 30% Income Tax Relief
  • No Capital Gains Tax
  • CGT Deferral Relief
  • No Inheritance Tax
  • Loss relief

Structure

  • Target Fund Size: £5 million
  • Minimum Individual Investment: £10,000
  • Closing Date: close on 5 April 2014
  • Expected Life of Fund: approx. 4 years

For further information please contact:
Shane Gallwey / Andrew Martin Smith
Tel: +44-(0)20-7222-3475
shane.gallwey@guinnessfunds.com

Guinness Asset Management
http://www.guinnessfunds.com/EIS

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