Saving scheme sales down

Professional Adviser
clock

Total purchases of investment trust saving schemes through investment trusts and their managers fell...

Total purchases of investment trust saving schemes through investment trusts and their managers fell 32% to £36.49m in the first quarter of 2003, compared to £53.87m for the same period a year earlier. Sales were down 14% from the fourth quarter of 2002, when they amounted to £42.64m. Global Growth trusts were the most popular products, accounting for 46% of sales in the first quarter of this year, up from 45% a year earlier. The UK sectors were the second most popular, with 10% of saving scheme purchases accounted for by the UK Growth & Income sector, compared to 8% a year earlier, and...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •