The latest figures from AUTIF suggest private investors have become increasingly reluctant to i...
The latest figures from AUTIF suggest private investors have become increasingly reluctant to invest in the stock market.
Retail sales for last month were down 16% to £2.3bn compared to last year's figure of £2.7bn. Gross Isa sales were down 20% to £564m for last month compared to the previous year's figure of £703m.
Total funds under management fell to £245.8bn this July from £253bn in June and £267.5bn in July of last year.
On a more positive note, the figures reveal institutional players remain confident with industry sales edging up 2% to £4.6bn for July, up on last year's figure of £4.5bn.
Clare Arber, PR manager at AUTIF commented: "Sales of investment funds tend to slow down over the summer month, but this year is quieter than usual. It seems that private investors are increasingly unwilling to commit their cash to the stockmarket, whilst the short term outlook for share based investments remains uncertain. But there are a still a number of investors who regard the present conditions as a good long term investment opportunity."
Retail investors, undeterred by current market volatility, favour the UK. The proportion of gross sales in the UK All Companies sector rose by 5% to take 30% of all retail sales this month compared to 25% the previous year.
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