Fidelity says Isa sales top £1.5bn

Fidelity says total gross ISA season sales (1st January – 5th April 2006) via all distribution channels amounted to £655m, an increase of 55%on last year over the same period. It also says the fund choice for ISAs has changed considerably as investors and advisers have looked to diversify portfolios with specialist funds in areas such as property Richard Wastcoat, UK managing director at Fidelity International, says the rise in sales this year is a clear signal investors and advisers have renewed confidence in the stock market. “An interesting change this ISA season has been the shift i...