IFAs upbeat on UK stocks prospects

Analysis carried out by the company found overall net sales of UK stockmarket funds by IFAs had doubled over the year from £184.3m in January 2006 to £358m. Advisers’ appetite for UK stocks was in contrast to other distribution channels such as sales forces and tied agents who were big sellers of a number of UK funds. There were net withdrawals of £38.7m from UK All Companies funds sold by sales forces and tied agents, while there were net withdrawals of £93.9m and £33.6m respectively from UK All Companies and UK Equity Income funds sold directly to the public. Andy Willis, head of...