Net sales of UK domiciled Isas were £321m in March, a positive increase on February which saw outflows of £112.5m, and £273.5m up on the £47.5m inflow in March 2008, according to figures from the IMA.
In total the 2008/09 tax year saw net Isa outflows of £975m, which compares favourably with the £1.7bn outflows seen in the 2007/08 tax year. The 2008/09 Isa season (1 March - 5 April) saw encouraging inflows up 74% year on year, with total inflows of £529.1m. The most popular sector for Isa investors was UK All Companies which accounted for 21% of gross Isa sales. However, outside of Isas, the £ Corporate Bond sector has maintained its position as the number one net retail sector with March inflows of £935.1m, while the sector with the biggest outflows in March was Europe ex UK with a...
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