ISA season boost reverses fund outflows

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...