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Embargoed: 12.00 noon: Monday 30 October 2000

REGULAR SAVINGS PLANS RETURN TO PRE-ISA LEVELS

  • Record regular savings inflows - £516m for Quarter 3

  • Investment funds under management - £270 billion

  • Gross sales of £4.8bn – 47% increase on September 1999

Regular savings plans recorded their best ever sales this quarter, restoring volumes to pre-ISA levels. More than £516m was invested in two million plans during July, August and September. Of this figure, £448m was invested through individual savings accounts, accounting for 22% of all ISA sales for the same period.

Total unit trust and OEIC sales overall reached £4.8bn in September, an increase of 47% on the same period last year. Funds under management dropped by £10bn to £270bn, due in part to falls in world stockmarkets. Sales of individual savings accounts rose to £682m, higher than the corresponding PEP sales of £660m in September 1998.

Over £172m, 6% of all retail fund sales, went into technology funds, however only 1% of institutional sales went to this area of the market. Some £148m, 5% of all retail sales went into passive funds. Again institutional business into trackers was less, accounting for some 3% of institutional sales.

Clare Arber, PR Manager at AUTIF, commented:

"It’s good to see regular savings plans back on track, it’s just a pity it has taken so long. The hand-over from PEPs to ISAs undoubtedly dented the savings momentum. Yet for novice investors or those of us not lucky enough to have a lump sum to invest, a monthly savings plan is the wise route into the stockmarket and effective long term savings."

Regular Savings Plans: Q3 2000 (1st July 2000 to 29 September 2000)

 

Q1 1999

Q2 1999

Q3 1999

Q4 1999

Q1 2000

Q2 2000

Q3 2000

PEP/ISA

1,759,588

1,342,113

1,165,696

1,340,003

1,408,040

1,508,137

1,593,089

Non-PEP/ISA

256,867

298,615

321,891

274,382

294,794

357,795

366,294

Total

2,016,455

1,640,728

1,487,587

1,614,385

1,702,834

1,865,932

1,959,383

Sales: £mn

 

Q1 1999

Q2 1999

Q3 1999

Q4 1999

Q1 2000

Q2 2000

Q3 2000

PEP/ISA

£431.0

£243.6

£321.3

£351.3

£386.3

£421.2

£448.0

Non-PEP/ISA

£84.3

£70.6

£60.4

£54.8

£60.1

£79.5

£68.1

Total

£515.3

£314.2

£381.7

£406.2

£446.4

£500.7

£516.2

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

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

 

Sept 00

Aug 00

Sept 99

Total funds

£269.0 bn

£279.8 bn

£213.1 bn

PEP funds

£58.0 bn

£60.5 bn

£55.0 bn

ISA funds

£17.2 bn

£16.9 bn

£3.8 bn

Total gross sales

£4,793.6 m

£4,576.4 m

£3,265.2 m

Total repurchases

£3,697.5 m

£3,067.5 m

£2,034.0 m

Total net sales

£1,096.1 m

£1,508.9 m

£1,231.2 m

Net retail sales

£1,368.4 m

£1,460.4 m

£998.1 m

Net institutional sales

£-272.3 m

£48.5 m

£233.1 m

Gross PEP sales

£161.2 m

£183.3 m

£146.0 m

Gross ISA sales

£682.0 m

£659.7 m

£619.3 m

Net PEP sales

£-242.6 m

£-291.8 m

£-172.0 m

Net ISA sales

£616.6 m

£598.2 m

£606.3 m

Total accounts

16.1 m

15.9 m

13.6 m

ISA accounts

5.055 m

4.744 m

1.918 m

PEP accounts

9.11 m

9.12 m

9.75 m

Number of funds

1,898

1,880

1,756

Number of companies

157

157

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
Dorian Carrell, Head of Statistics, AUTIF, +44 (0)20 7831 0898

Notes to Editors:

Best selling funds in September 2000

Net Retail Sales
UK All Companies
Europe Excluding UK		 Net Institutional Sales
Global Bonds
UK Corporate Companies

Worst selling funds in September 2000

Net Retail Sales
UK Equity Income 
Guranteed/Protected Funds		 Net Institutional Sales
UK All Companies
Global Growth

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