Sales of investment trust saving schemes fell by 25% in 2002, to £206m from £275m in 2001 as investo...
Sales of investment trust saving schemes fell by 25% in 2002, to £206m from £275m in 2001 as investor sentiment weakened. AITC figures show total purchases of investment trust saving schemes in the fourth quarter of 2002 fell by 28% to £42.64m, compared to £58.91m in the same period a year earlier. Saving scheme purchases were also down 16% from the £50.52m sold in the third quarter of 2002. The total purchases of investment trust Isas through investment trusts and their managers decreased 40%in 2002, to £93.20m compared to £155.8m in 2001. Isa sales fell 26% in the fourth quarter of 20...
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