Retail investors came back to the investment trust sector in big numbers during the second quarter o...
Retail investors came back to the investment trust sector in big numbers during the second quarter of this year, the Association of Investment Trust Companies says.
Compared to first quarter figures, savings scheme purchases soared 28% to £46.6m, while investment trust ISA sales gained 33% to £21.6m.
Of note is that investors overwhelmingly favoured Global and UK Growth funds.
Global Growth accounted for 38.2% of all ISA purchases in the second quarter, and accounted for 42.3% of all savings scheme purchases.
These figures contrast with those released earlier this month by TrustNet, which found that most investors using its services were researching less risky Income funds.
The AITC's good news is tempered by the fact quarterly sales are still down on their levels of a year ago.
The association says it may be still too early to tell if the recovery is sustainable.
However, with the average investment trust now showing a 7.4% gain over the past 12 months, it adds that investors must start thinking seriously about investment opportunities in the sector.
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