ISA season upturn revealed by IMA

The latest IMA investment figures show that retail investors did put more money into funds in the traditional manner before the end of the tax year, but sums invested in total are still well below the highs seen some two to three years ago. The positive news was that total net sales in April hit £1.76bn, the highest since June 2001 – although total net retail sales at £1bn were still below April 2002 levels. Net sales of ISA funds at £681m were still 41% down on April 2002's figures of £1.2bn. The trend towards more direct sales of ISA funds continued in April, the IMA ...