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Embargoed: 12.00pm: Monday 31 July 2000

RETAIL INVESTORS GO STATESIDE...

  • Investment funds under management reach all time high of £265 billion
  • Gross sales for June rise to £4.25 billion - £796 million in ISAs
  • 10% increase in the number of regular savings plans
  • Retail sales in North American sectors double over five years

June was a quiet month. But worth noting, following the comments in the press about pension funds investing less in the US than in a single UK stock, has been the gradual increase over recent years of retail gross sales in the North American sectors. This is an indicator that retail investors have increasingly wanted to participate in the US bull market run.

Europe, meanwhile, remains a firm favourite with the retail market. Institutional business has favoured Europe less over the past six months or so, preferring the Japan and Fixed Interest sectors.

ISAs
ISA funds under management passed the £15 billion mark in June, with gross sales of£796 million. Although ISA sales were higher in May, this month’s ISA investment is up on June last year, but still below the PEP sales for June two years ago (£873mn). IFAs account for 42% of the business, leaving sales forces and tied agents responsible for 38% of ISA investment.

Regular savings
Investment through regular savings plans reached £501 million this quarter, up 12% on the first quarter this year and almost 1.9 million plans have now been opened. ISAs take the lion’s share of monthly savings, with 84% of total sales being invested through individual savings accounts. A third of all investment fund ISAs are regular savings plans.

Regular Savings Plans: Q2 2000 (1st April 2000 to 30 June 2000)

  

Q1 99

Q2 99

Q3 99

Q4 99

Q1 2000

Q2 2000

PEP/ISA
Non-PEP/ISA
Total

1,759,588
256,867
2,016,455

1,342,113
298,615
1,640,728

1,165,696
321,891
1,487,587

1,340,003
274,382
1,614,385

1,408,040
294,794
1,702,834

1,508,137
357,795
1,865,932

Sales: £mn

  

Q1 99

Q2 99

Q3 99

Q4 99

Q1 2000

Q2 2000

PEP/ISA
Non-PEP/ISA
Total

£431.0
£84.3
£515.3

£243.6
£70.6
£314.2

£321.3
£60.4
£381.7

£351.3
£54.8
£406.2

£386.3
£60.1
£446.4

£421.2
£79.5
£500.7

Note: Figures represent totals for the quarter, not monthly totals within the quarter.

Summary table: June - Unit Trust, ISA and PEP data

  

June 00

May 00

June 99

Total funds
PEP funds
ISA funds
Total gross sales
Total repurchases
Total net sales
Net retail sales
Net institutional sales
Gross PEP sales
Gross ISA sales
Net PEP sales
Net ISA sales  

£265.1 bn
£58.7 bn
£15.2 bn
£4,250.6 m
£3,220.8 m
£1,029.8 m
£1,108.8 m
£-78.9 m
£201.7 m
£795.5 m
£-287.2 m
£737.0 m

£257.6 bn
£58.3 bn
£13.3 bn
£4,+44 (0)20.5 m
£2,765.4 m
£1,255.2 m
£1,243.7 m
£11.4 m
£193.6 m
£914.4 m
£-224.2 m
£848.6 m

£214.6 bn
£57.5 bn
£1.7 bn
£3,868.9 m
£2,673.8 m
£1,195.1 m
£963.5 m
£231.5 m
£198.8 m
£588.9 m
£-113.2 m
£585.9 m

Total accounts
ISA accounts
PEP accounts
Number of funds
Number of companies

15.6 m
4.536 m
9.19 m
1,841
157

15.5 m
4.289 m
9.20 m
1,826
156

13.1 m
1.234 m
9.89 m
1,746
152

For further information please contact:

Anne McMeehan, Director of Communications, AUTIF, +44 (0)20 7831 0898
Clare Arber, PR Manager, AUTIF, +44 (0)20 7831 0898

Notes to Editors:

Best selling funds in June 2000

Net Retail Sales
UK All Companies
Europe Excluding UK		 Net Institutional Sales
UK Gilt
UK All Companies

Worst selling funds in June 2000

Net Retail Sales
Guaranteed/Protected Funds
UK Equity Income		 Net Institutional Sales
UK Smaller Companies
Global Bonds

Summary Sheet
Sector Summary
Retail Gross Sales
Retail Repurchases
Retail Net Sales
Institutional Sales
PEP Summary

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© IMA 2002. Last Updated: 20 April, 2001