IFAs 'more bullish' on UK firms

The data from Lincoln Financial Group also shows advisers are more evenly weighted in their choice between value and growth stocks. In January 2007, IFAs accounted for £177.3m net sales in UK All Companies funds and a net £180.7m in UK Equity income funds. But in January 2006, IFAs were more biased towards value stocks, selling a net £75.3m of UK All Companies funds but a net £109m of UK Equity Income products. The figures also show that overall net sales of UK stockmarket funds by IFAs nearly doubled over the year from a combined £184.3m in January 2006 to £358m this year. IFAs’ appet...