Net retail sales soar 45% on previous high in 2009

clock

Net retail sales reached their highest level on record in 2009, up 45% on their previous best performance, according to the IMA.

Last year, sales grew to £25.8bn, beating the previous best year's performance of £17.7bn in 2000. It was also more than six times the £3.8bn achieved in 2008. Funds under management also reached their highest volume in 2009, up to £480.8bn from 2008's £361.7bn. ISA sales too recorded their best year since 2001, reaching £2.8bn in 2009. This is in stark contrast to the previous five years which all saw net outflows. Bonds were the biggest selling asset class, with net retail sales of £9.9bn, followed by equities on £7.3bn. The top selling sector amongst retail investors was £ Corpo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 28 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read