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 For Immediate Release:  Thursday 20 December 2001

 

INVESTMENT FUND STATISTICS 

NOVEMBER 2001  

 

 

  • Investment funds under management £234 billion (November 2000 £259 billion)

  • Gross industry sales £3.8 billion (November 2000 £4.5 billion)

  • Gross retail sales £2.1 billion (November 2000 £2.7 billion)

  • Gross ISA sales £391 million (November 2000 £669 million)

Investment fund sales picked up again in November.  At £1.4 billion, total net sales of unit trusts and OEICs were almost double that of October’s £776 million.  Net retail sales at £591 million are the highest since June 2001.  Both figures remain well below the levels of a year ago.  Funds under management increased from £223 billion to £234 billion as markets worldwide continued their recovery from 11 September.

Net ISA sales of £268 million were 6% down on the previous month’s £286 million.  Funds under management for investment fund ISAs rose to £22 billion as at the end of November.  41% of all investment fund ISAs were sold through sales forces and tied agents, with IFAs responsible for 33% of gross sales and the direct channel accounting for 25%.

The UK Corporate Bond and UK Other Bond sectors continue to be the most popular among retail investors in net sales terms, but the UK All Companies sector continues to be the leading sector with ISA investors.  The top four selling sectors with the institutional players are all equity-based.

Clare Arber, Head of Communications at AUTIF, commented:

“We are quietly encouraged by the investment fund sales figures for November.  Although it’s still too early to say with certainty that investors have regained confidence in stockmarket investment, there does appear to be a growing number of savers who believe that now is a good time to invest.   However, private investors continue to show a preference for bond fund investment.”

 

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

 

Nov-01

Oct-01

Nov-00

Total funds under management

£234.3 bn

£223.2 bn

£259.1 bn

ISA funds

£21.7 bn

£20.2 bn

£17.6 bn

PEP funds

£46.5 bn

£44.8 bn

£56.4 bn

OEIC funds

£76.1 bn

£71.8 bn

£74.2 bn

Total gross sales

£3,783.3 m

£4,271.4 m

£4,507.2 m

Gross retail sales

£2,076.7 m

£1,907.6 m

£2,729.3 m

Gross ISA sales

£390.9 m

£384.7 m

£668.5 m

Gross PEP sales

£86.6 m

£76.2 m

£180.3 m

Gross institutional sales

£1,706.5 m

£2,363.9 m

£1,777.8 m

Total repurchases

£2,425.4 m

£3,495.4 m

£2,821.6 m

Retail repurchases

£1,485.4 m

£1,660.6 m

£1,642.3 m

ISA repurchases

£123.1 m

£98.5 m

£90.0 m

PEP repurchases

£292.7 m

£258.2 m

£501.1 m

Institutional repurchases

£940.0 m

£1,834.9 m

£1,179.3 m

Total net sales

£1357.8 m

£776.0 m

£1,685.6 m

Net retail sales

£591.3 m

£247.0 m

£1,087.1 m

Net ISA sales

£267.8 m

£286.3 m

£578.5 m

Net PEP sales

£-206.1 m

£-182.0 m

£-320.8 m

Net Institutional sales

£766.6. m

£529.0 m

£598.5 m

Total accounts

17.12 m

17.4 m

16.46 m

ISA accounts

7.26 m

7.134 m

5.37 m

PEP accounts

8.36 m

8.36 m

9.01 m

Number of funds

1,969

1,962

1,923

Number of companies

147

147

157

Number of OEIC providers

55

55

49

 

For further information please contact:

Richard Saunders, 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 November 2001

Net Retail Sales
 UK Corporate Bond
UK Other Bonds		 Net Institutional Sales
 Global Growth
UK All Companies

Worst selling funds in November 2001

Net Retail Sales
 UK Smaller Companies
Far East excluding Japan

Net Institutional Sales
 UK Equity Income
 Japan

 

 

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