“Don’t buy the index – buy the stocks”: how Judith MacKenzie of Downing invests on AIM

The Downing AIM Estate Planning Service is an Inheritance Tax portfolio aiming to make long-term investments in smaller, often unloved, AIM-quoted businesses available at what Downing considers to be an attractive valuation. We talk to manager Judith MacKenzie about how this process works in practice, how they see the markets at the moment, and what are some examples of their AIM investments. In this interview: 0:00 What is the Downing AIM Estate Planning Service? 1:12 Intro to Judith and Downing Fund Managers 1:43 What sort of AIM companies does the service invest in? 2:21 Importance of cash for those companies 3:24 What gets excluded from the portfolio? 4:14 Recent investments… 5:12 Investing in Cohort plc 6:08 Investing in Volex – cabling manufacturer 6:59 Investing in Ramsdens – “stalwarts of the industry” 7:48 The AIM market vs Downing’s portfolio 9:01 How risky is this AIM portfolio? 9:43 Where are the opportunities on AIM at present? 10:49 Ultimately, why consider investing? For more details on Downing AIM Estate Planning, including documents & how to invest, see https://wealthclub.co.uk/y/downing-ai... Please Subscribe (+ 🔔 ) for more Meet The Manager video interviews. IMPORTANT The opinions expressed in this video are the interviewee’s own and do not necessarily reflect the view of Wealth Club Limited. This interview, like our service, is not advice and the products featured are not suitable for everyone. AIM shares are higher risk and less liquid than mainstream investments. You could lose your capital. Tax rules can change and tax benefits depend on your circumstances. If you’re unsure an investment is right for you, please seek professional advice.