Regular savings in mutual funds posted their best ever sales figures in the third quarter of this ye...
Regular savings in mutual funds posted their best ever sales figures in the third quarter of this year and made up over a fifth of all Isa sales for this period. Around £516m was invested in two million mutual fund regular savings plans during July, August and September, according to figures from Autif. Isas accounted for £448m of this total, with regular savings making up 22% of all Isa sales. Total unit trust and Oeic sales overall reached £4.8bn in September, an increase of 47% compared with the same period last year. But unit trust and Oeic funds under management dropped to £270bn f...
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