Net Isa sales made a small comeback in October compared with the previous month, but are still down 83% on the previous year, reveal Investment Management Association statistics.
Net Isa sales did climb to £37.4m from net Isa withdrawals of £23.5m in September, but they are still down substantially on the £221.6m raised in October 2003. IMA stats state net retail sales also rose 35% on September from £272m to £366.7m but are still down over a third from £559.3m in October 2003. Gross retail sales also rose 1% from £256.2bn to £260.2bn, while gross Isa funds amassed £35.6bn compared with £35.3bn. Most popular investment sector in October was UK All Companies – for the third month in a row - accounting for 26% of gross retail sales, along with 14% of investme...
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