ISA season boost reverses fund outflows

£553m inflows over April

clock • 1 min read

Fund flows turned positive in April 2022, seeing £553m enter into funds after outflows of £3.5bn in March.

According to data by the Investment Association, the inflows were boosted by the ISA season, in which savers put £683m into funds via an ISA wrapper. Although the savings were down from the £1.4bn seen in April 2021, the figure remains the third strongest seen in the last five years. Miranda Seath, head of market insight at IA, said: "This is significant as April's positive sales come after one of the most challenging first quarters for retail fund flows on record." The IA also found that Global Equity Income had become the best-selling IA sector in April, with inflows totalling £6...

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 Your Business

All the advice firm acquisitions that have taken place in 2024

All the advice firm acquisitions that have taken place in 2024

Keeping track of the ongoing consolidation of the advice industry

Professional Adviser
clock 20 June 2024 • 1 min read
Advisers fear 50% of their clients' assets will exit their firm with them

Advisers fear 50% of their clients' assets will exit their firm with them

‘The sector is set to lose so many of its experienced workforce’

Hope Coumbe
clock 19 June 2024 • 2 min read
Serving HNW clients: 'Advisers must take a greater deal of care'

Serving HNW clients: 'Advisers must take a greater deal of care'

‘They need bespoke strategies with the expertise of multiple advisers’

Isabel Baxter
clock 17 June 2024 • 5 min read