ISA season sales withstand global turmoil in 09

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ISA sales through platform Cofunds were marginally up over the first three months of 2009, despite many advisers predicting it could be the toughest season on record.

Despite continued difficult economic conditions in the first quarter of 2009, Cofunds reports ISA sales on the platform climbed 0.8% for the period between 1 March and 6 April compared to 2008. Unsurprisingly, the £ Corporate Bond sector topped the best seller table, with about three times the sales over the next most popular IMA classification, the new UK Equity Income & Growth. However, there was a late rush for overseas equity mandates. Global Growth and North America were the seventh and eighth most popular selling sectors, with Asia Pacific (ex Japan) rounding out the top ten. Th...

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