Evidence suggests there is more interest in stockmarket-invested Isas this year, as sales are currently up by more than half on this time last year while SWIP research suggests 15% of the population will take out an investment Isa before April 5.
Monthly figures published by the Investment Management Association reveal net sales reached £131m in February this year – up 53% on the £86m invested in February 2005 and up 60% on January’s £81m this year. The most popular sector for Isa investments is also still UK All Companies as this saw 25% of gross Isa sale inflows. Total funds under management for the Isa market also reached £47bn – an increase of 2% on January and 22% higher than in February 2005. However, Isas are still a fraction of the total net retail sales market at present total, which reached £2.1bn in February 2006 co...
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