Investment fund sales were higher in June compared to both May 2003 and June 2002, with net retail s...
Investment fund sales were higher in June compared to both May 2003 and June 2002, with net retail sales rising to £918m, according to figures from the IMA. This represents a 24% increase over the month, or 45% over the same period last year. It is the first year-on-year increase in net retail sales since October 2002 and follows a levelling-off of falling sales numbers over the previous three months. However, net Isa sales were £294m in June, a drop of 14% from May and a 2% fall year on year. Overall industry gross sales rose to £4.3bn, up from £3.4bn in May and £3.9bn from the previ...
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