Menu
Thu, 28 March 2024

Newsletter sign-up

Subscribe now
The House Live All
Mission possible: Delivering tomorrow’s homes today Partner content
Economy
Data: driving the UK’s growth and productivity Partner content
Economy
Economy
Economy
Press releases

ISAs dominated retail fund sales in April

The Investment Association | Investment Association

1 min read Partner content

The Investment Association today publishes its monthlystatistics for authorised investment fundsfor April2015

  • ISAs saw net fund sales over £1.4 billion

  • Net retail sales were £1.6 billion compared to £3 billion in April last year

  • Targeted Absolute Return funds had highest ever net retail sales of £529 million

  • Fixed Income funds saw net retail sales of £329 million - highest since October 2012

Daniel Godfrey, The Investment Association Chief Executive, said:

“Net fund sales into ISAs were £1.4 billion in April, an increase of over £200 million from the same time last year, with investors taking advantage of the new tax free allowance.

“Targeted Absolute Return funds were popular in April with their best ever sales figures of £529 million. Meanwhile, retail investors continued to withdraw from UK equity funds favouring European funds instead.”

Read the most recent article written by The Investment Association - Seven years of 0.5% rates - Gulf between cash and investments laid bare

Categories

Economy
Podcast
Engineering a Better World

The Engineering a Better World podcast series from The House magazine and the IET is back for series two! New host Jonn Elledge discusses with parliamentarians and industry experts how technology and engineering can provide policy solutions to our changing world.

NEW SERIES - Listen now