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Second, Aim-listed shares are more risky than those that belong to the "main market", partly because they are smaller and more recently established but also because the qualifications for joining Aim are less onerous. This has led some commentators to call Aim the Wild West of the stock market. Since its inception on January 2 1996, the FTSE Aim All Share index has fallen by 24.7pc. Over the same period the FTSE 100 grew by 75.3pc.
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