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UK Business (monthly)
Embargoed: 12.00 noon: Monday 26 February
2001
BUOYANT INVESTMENT FUND SALES TO START THE YEAR
Total gross sales grew to £4.5 billion, an increase of 10% on December
but up 23% on January 2000. Net sales of unit trusts and OEICs were
higher this month, due mainly to a reduction in outflow of institutional
money.
Insitutional investors stayed put in January, which helped investment
funds make a positive start to the year. The customary disinvestment
in terms of institutional business has not been reflected in institutional
repurchases this January, which are in fact significantly down on
December. Institutional gross sales have remained constant for both
December and January at just over £1.8 billion. The net sales position
of £747 million is the highest level of net institutional investment
since November 1999.
Retail sales have also increased – up 15% on December to £2.6 billion.
ISA sales were up 16% on December to £637 million, but down from
last January (£674m). ISA funds under management now stand at £19.3
billion with over 5.7 million individual savings accounts having
been opened. Sales forces and tied agents took the bulk of ISA sales
this month, accounting for 42% of business. IFAs were responsible
for 35% of sales and the direct channel, 22%.
Clare Arber, PR Manager, commented:
"2001 has started surprisingly well for unit trusts and
OEICs, especially bearing in mind the general gloom that has descended
on the market. ISA sales have gone well in the early run-up to
the end of the tax year. Also, sales of investment funds outside
the tax wrapper remain strong, accounting for over half of all
net retail sales.
"This time last year, the top five retail sectors included
funds investing in primarily in technology and Japanese companies.
This year, funds in the North American and UK Smaller Companies
sectors have taken their place."
Summary table: Jan - Unit Trust/OEIC, ISA and PEP data
|
|
Jan 01
|
Dec 00
|
Jan 00
|
|
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
|
£269.1 bn
£57.3 bn
£19.3 bn
£4,451.9 m
£2,638.8 m
£1,813.0 m
£1,065.6 m
£747.5 m
£155.7 m
£637.1 m
£-270.1 m
£517.0 m
|
£261.0 bn
£56.8 bn
£18.4 bn
£4,060.5 m
£2,667.9 m
£1,392.6 m
£986.9 m
£405.7 m
£219.6 m
£548.2 m
£-112.1 m
£480.0 m
|
£250.3 bn
£58.8 bn
£7.3 bn
£3,622.3 m
£3,005.8 m
£616.5 m
£980.0 m
£-363.5 m
£153.2 m
£673.5 m
£-221.2 m
£646.4 m
|
|
Total accounts
ISA accounts
PEP accounts
Number of funds
Number of companies
|
17.1 m
5.716 m
8.94 m
1,952
156
|
16.5 m
5.552 m
8.97 m
1,937
155
|
14.6 m
2.903 m
9.62 m
1,787
154
|
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 January 2001
|
Net Retail Sales
UK All Companies
Europe Excluding UK
|
Net Institutional Sales
Far East Excluding Japan
Global Emerging Markets
|
Worst
selling funds in January
2001
|
Net Retail Sales
UK Money Market
UK Equity Income
|
Net Institutional Sales
UK Smaller Companies
European Smaller Companies
|
Summary
Sheet
Sector
Summary
Retail
Gross Sales
Retail
Repurchases
Retail
Net Sales
Institutional
Sales
PEP
Summary
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