The investment market has had their clearest sign yet of renewed consumer interest, according to industry statistics, as net Isa sales rose by almost a third on the previous year.
Figures presented by the Investment Management Association reveal the Isa market saw its best year since 2002 as total net Isa sales rose 13% to £2bn and the official ‘Isa season’ – between 1st March and 5th April – saw net inflows of £897m, up 16% on the previous season. Sales in March were four times higher than those seen in February, says the IMA, at £576m and were up 29% on March 2005, with the majority of sales - £447m – distributed through fund supermarkets. The UK All Companies sector accounted for 24% of gross Isa sales in March and was again the most popular sector for the year....
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