Full year 2005 figures published by the Association of Investment Trust Companies suggest total purchases of investment trust Isas - through trusts and their managers - increased by just 1% to £63.4m from £62.6m the previous year.
This has taken the total market capitalisation value of IT Isas to £637m as of 31 December, with IT Peps valued at £1.7bn on a similar basis. The annual average increase in sales masks some significant market movement on a quarter-by-quarter basis however. Sales in the last quarter of the year jumped 35% to £11.50m from £8.50m. Between the third and fourth quarters, sales increased 8%. Financial advisers had a significant impact on choice of sectors in which to invest, the AITC’s figures further suggest. Overall, 15% of Isa purchases went through advisers – albeit, only according to...
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