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

Stock market crashes – the rational and the emotions

Stock market crashes – the rational and the emotions

'Several characteristics associated with previous pre-crash periods are present today'

Paul Wood
clock 30 September 2026 • 5 min read
Baillie Gifford workforce faces 10% reduction following voluntary exit programme

Baillie Gifford workforce faces 10% reduction following voluntary exit programme

Around 160 roles vacated

clock 23 September 2026 • 1 min read
Nine SJP funds flagged for underperformance in AoV despite improvements on last year

Nine SJP funds flagged for underperformance in AoV despite improvements on last year

89% of assets given green light

Alex Sebastian
clock 22 September 2026 • 2 min read