Isa sales improved ahead of tax year end

clock •

Retail investment sales appear to picked up as the latest statistics from the IMA suggest net retail sales increased by over 40% last month.

Latest data from the Investment Management Association reveals net retail sales grew 42% in February 2004 to £716.7m compared with £505.1m in January, and were over three times more than £228m of net retail sales in February 2003. There was one surprising anomaly as a single transaction worth around £1.9bn had a major impact on net institutional sales and sent figures shooting into the red. However, there was a small recovery in the Isa market, as Isa funds now stand at £32.1bn thanks to net sales worth £209.5m in February 2004 - Isa repurchases climbed to £222.3m – which is £26m more...

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

Budget 26: Stamp Duty on shares to be swapped for Securities Transfer Tax

Budget 26: Stamp Duty on shares to be swapped for Securities Transfer Tax

By late 2027

Patrick Brusnahan
clock 28 October 2026 • 1 min read
Investment tax relief rises by smallest amount in four years amid recent Budget measures

Investment tax relief rises by smallest amount in four years amid recent Budget measures

Bowmore Financial Planning research

Jack Roach
clock 28 October 2026 • 2 min read
Defaqto to launch rating for newer funds and portfolios

Defaqto to launch rating for newer funds and portfolios

Combines Defaqto and RSMR expertise

Jen Frost
clock 27 October 2026 • 2 min read