Back to 2002 Press Release menu
Embargoed
until 12 noon: Wednesday 18 December 2002
INVESTMENT
FUND STATISTICS
November 2002
-
Investment
funds under management £203 billion
-
Gross
industry sales £3.4 billion (Nov 2001 £4.1 billion)
-
Gross
retail sales £2 billion (Nov 2001 £2.2 billion)
-
Gross
ISA sales £368 million (Nov 2001 £391 million)
Net retail sales increased to £493
million from £453 million in October (November 2001 £612
million), with investment fund ISA net sales slowing to £224
million from £238 million in October.
Almost two thirds (64%) of gross retail
sales were made through intermediaries whilst sales
forces/tied agents accounted for 21%.
Only 11% were made without any advice and invested
‘direct’. Private
investors were responsible for 85% of all sales of UK
Corporate Bond funds, with £452 million invested during
November. Sales
forces and tied agents were responsible for over half (58%) of
retail sales in this sector.
Two management companies were responsible
for withdrawing over £1.5 billion of institutional investment
between them. This
had a significant impact on total industry sales for the
month, resulting in a net fund outflow of almost £1 billion
in November.
Clare Arber, Head of Communications at
the IMA, commented:
“Net retail inflows once again reached half
billion pounds - a level, September excepted, that has been
maintained since Spring.
Corporate bond funds remain popular with private
investors and contributed the lion’s share of net retail
investment for the seventh month running.
“Investors should remember to consider their
overall financial objectives, personal circumstances and
attitude to risk, and then choose a fund accordingly.
Whatever the current investing trends, consumers
should ensure that investments complement the rest of their
portfolio.”
Summary
table: November – Unit Trust, ISA and PEP data
|
|
Nov-02
|
Oct-02
|
Nov-01
|
|
Total funds under management
|
£202.9
bn
|
£197.1
bn
|
£236.3
bn
|
|
ISA funds
|
£23.3bn
|
£22.5
bn
|
£21.7
bn
|
|
PEP funds
|
£36.8
bn
|
£36.3
bn
|
£46.9
bn
|
|
OEIC funds
|
£108.2
bn
|
£100.7
bn
|
£76.0
bn
|
|
Total gross sales
|
£3,408.1
m
|
£4,136.2
m
|
£4,089.5
m
|
|
Gross retail sales
|
£2,031.8
m
|
£2,138.1
m
|
£2,170.8
m
|
|
Gross ISA sales
|
£367.9
m
|
£384.6
m
|
£391.3
m
|
|
Gross PEP sales
|
£92.4
m
|
£64.1
m
|
£92.2
m
|
|
Gross institutional sales
|
£1,376.2
m
|
£1,998.1
m
|
£1,918.8
m
|
|
Total repurchases
|
£4,405.5
m
|
£3,525.7
m
|
£2,513.7
m
|
|
Retail repurchases
|
£1,538.7
m
|
£1,685.3
m
|
£1,559.0
m
|
|
ISA repurchases
|
£143.9
m
|
£146.3
m
|
£123.3
m
|
|
PEP repurchases
|
£269.6
m
|
£262.7
m
|
£309.0
m
|
|
Institutional repurchases
|
£2,866.8
m
|
£1,840.4
m
|
£954.7
m
|
|
Total net sales
|
£-997.5
m
|
£610.5
m
|
£1,575.8
m
|
|
Net retail sales
|
£493.1
m
|
£452.8
m
|
£611.8
m
|
|
Net ISA sales
|
£224.0
m
|
£238.4
m
|
£268.0
m
|
|
Net PEP sales
|
£-177.3
m
|
£-198.6
m
|
£-216.8
m
|
|
Net Institutional sales
|
£-1,490.6
m
|
£157.7
m
|
£964.0
m
|
|
Total accounts
|
18.91
m
|
18.75
m
|
17.30
m
|
|
ISA accounts
|
7.79
m
|
7.77
m
|
7.26
m
|
|
PEP accounts
|
7.41
m
|
7.41
m
|
8.29
m
|
|
Number of funds
|
1,945
|
1,982
|
1,969
|
|
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
Dorian
Carrell, Head of Statistics,
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 November
|
Net Retail Sales
UK
Corporate Bond
UK
All Companies
|
Net Institutional Sales
UK
All Companies
Property
|
Worst selling funds in
November
|
Net Retail Sales
Europe
Excluding UK
UK
Equity & Bond Income
|
Net Institutional
Sales
Balanced
Managed
Global
Growth
|
Detailed
Monthly Sales Figures
-
ends -
|
