The purchases of investment trusts by advisers and wealth managers on adviser platforms hit a record high of £514m during the first half of 2017, according to the Association of Investment Companies (AIC).
It was the highest ever figure for the first six months of a calendar year and represented an increase of 74% on investment trust purchases during the first half of 2016 (£296m), and a 26% increase on investment trust purchases in the first half of 2015 (£408m). In the second quarter of 2017 alone, purchases of investment companies on adviser platforms reached £264m - the second-highest quarterly level of purchases on record. April to June sales were 6% up on the first quarter and 63% higher than Q2 in 2016 (£162m). It was beaten only by Q2 in 2015 (£274m) when Woodford Patient Capita...
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