Back to 2002 Press Release menu
Embargoed
until 12 noon: Monday 25 November 2002
INVESTMENT
FUND STATISTICS
October 2002
-
Investment
funds under management £197 billion
-
Gross
industry sales £4.1 billion (Oct 2001 £4.3 billion)
-
Gross
retail sales £2.1 billion (Oct 2001 £1.9 billion)
-
Gross
ISA sales £385 million (Oct 2001 £385 million)
Gross sales of investment funds rose to £4.1 billion in
October, with net industry sales returning to £620 million
compared with September’s £148 million, but less than
October last year (£788 million).
Retail sales rose to £2.1 billion.
With fewer retail repurchases, net retail sales reached
£453 million, a 75% increase on October 2001 (£259 million),
and more than four times last month’s £110 million. Net investment fund ISA sales rose to £238 million.
The UK Corporate Bond
sector maintained its popularity amongst private investors.
The sector accounted for 21% of all retail gross sales
this month, compared to 13% in October 2001.
Almost two thirds of all retail sales were made through
intermediaries, with investors making 11% of purchases
‘direct’ and sales forces/tied agents accounting for 19%.
However, in contrast, 51% of all investment fund ISA
sales were made through sales forces/tied agents, with 29%
through intermediaries and 20% ‘direct’.
Clare Arber, Head of Communications at the IMA, commented:
“Investment fund sales
in the UK remained positive in October – and at levels
which have broadly reversed the downturn seen last month.
Retail investors continued to favour the UK Corporate
Bond sector in particular for their investments; it
accounted for one in every five funds bought this month.”
Summary
table: October – Unit Trust, ISA and PEP data
|
|
Oct-02
|
Sep-02
|
Oct-01
|
|
Total funds under management
|
£197.0
bn
|
£189.7
bn
|
£223.3
bn
|
|
ISA funds
|
£22.5
bn
|
£21.6
bn
|
£20.2
bn
|
|
PEP funds
|
£36.3
bn
|
£35.4
bn
|
£44.7
bn
|
|
OEIC funds
|
£100.7
bn
|
£96.5
bn
|
£71.8
bn
|
|
Total gross sales
|
£4,147.2
m
|
£3,588.4
m
|
£4,283.0
m
|
|
Gross retail sales
|
£2,144.2
m
|
£1,878.2
m
|
£1,919.1
m
|
|
Gross ISA sales
|
£384.6
m
|
£374.9
m
|
£384.7
m
|
|
Gross PEP sales
|
£65.0
m
|
£71.6
m
|
£76.6
m
|
|
Gross institutional sales
|
£2,003.0
m
|
£1,710.2
m
|
£2,363.9
m
|
|
Total repurchases
|
£3,527.0
m
|
£3,440.3
m
|
£3,495.5
m
|
|
Retail repurchases
|
£1,691.6
m
|
£1,768.4
m
|
£1,660.7
m
|
|
ISA repurchases
|
£146.3
m
|
£172.1
m
|
£98.5
m
|
|
PEP repurchases
|
£261.9
m
|
£279.1
m
|
£258.2
m
|
|
Institutional repurchases
|
£1,835.4
m
|
£1,671.9
m
|
£1,834.9
m
|
|
Total net sales
|
£620.2
m
|
£148.1
m
|
£787.5
m
|
|
Net retail sales
|
£452.7
m
|
£109.8
m
|
£258.5
m
|
|
Net ISA sales
|
£238.4
m
|
£202.8
m
|
£286.3
m
|
|
Net PEP sales
|
£-196.9
m
|
£-207.5
m
|
£-181.6
m
|
|
Net Institutional sales
|
£167.6
m
|
£38.3
m
|
£529.0
m
|
|
Total accounts
|
18.75
m
|
18.50
m
|
17.43
m
|
|
ISA accounts
|
7.77
m
|
7.76
m
|
7.13
m
|
|
PEP accounts
|
7.41
m
|
7.49
m
|
8.34
m
|
|
Number of funds
|
1,982
|
1,972
|
1,962
|
|
Number of companies
|
130
|
130
|
147
|
|
Number of OEIC providers
|
70
|
70
|
55
|
For further information please contact:
Dick
Saunders, Chief Executive,
IMA, 020 7831
0898
Clare
Arber,
Head of Communications,
IMA,
020 7831 0898
Notes to Editors:
Copies
of all monthly sales statistics from December 1997 are available on
the IMA Website (http://www.investmentuk.org/statistics/fund_statistics/default.asp)
Best
selling funds in October
|
Net Retail Sales
UK
Corporate Bond
UK
Equity Income
|
Net Institutional Sales
Pensions
UK
All Companies
|
Worst selling funds in
October
|
Net Retail Sales
Europe
Excluding UK
UK
Equity & Bond Income
|
Net Institutional
Sales
Global
Growth
Global
Bonds
|
Detailed
Monthly Sales Figures
-
ends -
|
