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Embargoed until: 12.00 noon: Monday 26 November 2001

 

INVESTMENT FUND STATISTICS 

OCTOBER 2001  

 

 

  • Investment funds under management - £223 billion

  • Gross industry sales down 3% to £4.3 billion (£4.4 billion – October 2000)

  • Gross retail sales down by 35% to £1.9 billion (£2.9 billion – October 2000)

  • Gross ISA sales down by 45% to £385 million (£670 million – October 2000)

Investment funds under management rallied as stockmarkets across the world recovered from the events of 11th September.  Business flows also picked up, with increased activity across the board.  Gross sales of £4.3 billion increased by 57% on September’s £2.7 billion, whilst total net sales rose by £684 million to £776 million.  Retail sales in October also improved with gross sales of £1.9 billion (£1.6 billion in September).  Repurchases also rose from £1.5 billion to £1.7 billion, leaving net retail sales of £247 million (September £47 million). 

Net sales of unit trust and OEIC ISAs at £286 million were less than half those for October 2000 (£633 million).  However, at £99 million, ISA repurchases were significantly lower than September’s £140 million.  Sales forces and tied agents were responsible for 42% of ISA business, whilst IFAs accounted for 33%.  25% of investment fund ISAs were bought ‘direct’. 

Clare Arber, Head of Communications at AUTIF, commented:

“Private investors made a slow but positive return to investment funds in October.  Bond fund sectors continue to be the most popular choice for new fund investment; on a net basis, only two out of the top six sectors are equity based. 

“As with recent months, this marks a change in the UK retail investor’s traditional bias towards equity investment.  We shall watch with interest to see if this trend is a long term shift or a short term reflection of the current uncertain climate.”

Summary table: October – Unit Trust, ISA and PEP data

 

Oct-01

Sep-01

Oct-00

Total funds under management

£223.2 bn

£213.3 bn

£268.8 bn

ISA funds

£20.2 bn

£19.0 bn

£17.5 bn

PEP funds

£44.8 bn

£44.2 bn

£58.9 bn

OEIC funds

£71.8 bn

£67.0 bn

£62.2 bn

Total gross sales

£4,271.4 m

£2,728.3 m

£4,384.3 m

Gross retail sales

£1,907.6 m

£1,585.0 m

£2,940.6 m

Gross ISA sales

£384.7 m

£375.6 m

£699.8 m

Gross PEP sales

£76.2 m

£123.0 m

£146.9 m

Gross institutional sales

£2,363.9 m

£1,143.3 m

£1,443.7 m

Total repurchases

£3,495.4 m

£2,635.9 m

£2,539.4 m

Retail repurchases

£1,660.6 m

£1,537.6 m

£1,563.9 m

ISA repurchases

£98.5 m

£139.7 m

£66.7 m

PEP repurchases

£258.2 m

£391.8 m

£405.5 m

Institutional repurchases

£1,834.9 m

£1,098.3m

£975.6 m

Total net sales

£776.0 m

£92.4 m

£1,844.9 m

Net retail sales

£247.0 m

£47.4 m

£1,376.8 m

Net ISA sales

£286.3 m

£235.8 m

£633.1 m

Net PEP sales

£-182.0 m

£-268.8 m

£-258.6 m

Net Institutional sales

£529.0 m

£45.0 m

£468.1 m

Total accounts

17.4 m

17.7 m

16.6 m

ISA accounts

7.134 m

7.085 m

5.210 m

PEP accounts

8.36 m

8.49 m

9.19 m

Number of funds

1,962

1,964

1,907

Number of companies

147

149

157

Number of OEIC providers

55

54

46

 

 

For further information please contact:

Richard Saunder, Director General, AUTIF, +44 (0)20 7831 0898
Anne McMeehan, Director of Communications, AUTIF, +44 (0)20 7831 0898
Clare Arber, Head of Communications, AUTIF, +44 (0)20 7831 0898
Dorian Carrell, Head of Statistics, AUTIF, +44 (0)20 7831 0898


Notes to Editors:

Copies of all monthly sales statistics from December 1997 are available on the AUTIF website (www.investmentfunds.org.uk) under ‘Industry Data’.

Best selling funds in October 2001

Net Retail Sales
 UK Corporate Bond
UK Other Bonds		 Net Institutional Sales
 Active Managed
UK Equity & Bond Income

Worst selling funds in October 2001

Net Retail Sales
 Japan
UK Equity Income

Net Institutional Sales
 UK Equity Income
 UK All Companies

 

 

Summary Sheet - Funds under Management
Summary Sheet - Sales and Repurchases

Sector Summary

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

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© IMA 2002. Last Updated: 30 October 2006