Pension fund investment in unit trusts and Oeics grew last year, according to Autif's annual statist...
Pension fund investment in unit trusts and Oeics grew last year, according to Autif's annual statistics.
Institutional gross sales of £22bn were an increase of 11% on the previous year, although repurchases fell marginally to £19.7bn from £19.9bn in 2000.
Investment through pension funds, mainly individual company pension schemes, made up 23% of total fund's industry gross sales in 2001.
Insurance company products invested in unit trusts or Oeics made up 13% and investments in life firms own funds made up 7%.
According to Autif, which has now been renamed the Investment Managers Association (IMA) following its merger with the Fund Managers Association, in 2000 these figures were 20%, 12% and 3% respectively.
Equity funds were less popular this year across both institutional and retail sales, while bond, managed and cash funds gained in popularity.
Regular reminders and updates
9 December 2019 deadline
Joe McDonnell joins as head of portfolio solutions (EMEA)
Adviser of the Year - South East
Fidelity Multi Asset CIO's outlook