You are here: Home - Uncategorized -

Investors continue to pour funds into ISAs

0
Written by:
28/02/2006

Sales of fund based Individual Savings Accounts (ISAs) increased to £82m in January this year, new research has found.

The research from the Investment Management Association showed that net sales experienced a sharp year on year increase from £39m in January 2005 to £82 million in January this year.

The most popular type of funds in January were UK All Companies funds, accounting for 28% of gross ISA sales.

UK investors can invest in funds on a tax free basis by using ISAs, and F&C Asset Management welcomed the increase in the investments and argued that ISAs still have significant benefits for investors.

Jason Hollands, head of communications at F&C, said: “This latest data covering the first month of 2006, which shows a 110% increase over the same month last year, is therefore a very encouraging sign that ISAs are starting to register on the people’s radars again.

“Whilst the scale of the rise in net ISA sales is dwarfed by an even greater increase in total net sales of retail funds – from £225m in January 2005 to £999m in January 2006 – ISA sales are a good indicator of the savings sentiment of the smaller investor, those investors who have long shunned the markets,” he added.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
House prices suffer February falls

House prices dipped in February, according to the latest survey figures from Nationwide.

Close