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For Immediate Release:
Thursday 18 December 2003
INVESTMENT
FUND STATISTICS
November
2003
-
Investment
funds under management £233 billion
-
Gross
industry sales £3.6 billion (November 2002 £3.5 billion)
-
Gross
retail sales £2.3 billion (November 2002 £2.1 billion)
-
Gross
ISA sales £389 million (November 2002 £368 million)
November
saw investment funds under management increase to £233
billion, a rise of 1% over October and 15% from £203 billion
the previous year. ISA funds under management grew 2% over the
previous month and by 28% over November 2002.
Net
retail sales of £523 million were down from October but had
increased by 3% over the same month last year. ISAs, however,
saw a 10% decrease in sales since October to £200 million and
were down 11% from the previous year.
For
the first time since August/September 2002, UK All Companies
was the most popular sector for two consecutive months,
accounting for 22% of gross retail sales. UK Corporate
Bonds followed with 15% of gross retail sales; this was the
most popular sector in net retail terms, representing over a
quarter of sales.
The
most popular distribution channel in November was
intermediaries who were responsible for 68% of gross retail
investment, while sales force/tied agents were the dominant
sales channel for gross ISA sales, accounting for 49%.
Richard
Saunders, Chief Executive of the IMA commented:
“The
encouraging recent trend has continued, with, for the sixth
successive month, net retail sales at higher levels than 2002.
There also continues to be signs of investors slowly returning
to UK equities after the dominance of corporate bonds in the
sales figures for most of the year. While net sales are still
well down on previous years and 2003 had a very weak first
half, this year is ending on a stronger note”.
Summary table: November – Unit Trust, ISA and PEP data
|
|
Nov-03
|
|
Oct-03
|
|
Nov-02
|
|
|
Total
funds under management
|
£233.4
|
bn
|
£230.6
|
bn
|
£203.3
|
bn
|
|
ISA
funds
|
£29.9
|
bn
|
£29.5
|
bn
|
£23.3
|
bn
|
|
PEP
funds
|
£37.0
|
bn
|
£36.9
|
bn
|
£36.7
|
bn
|
|
OEIC
funds
|
£145.4
|
bn
|
£143.4
|
bn
|
£108.2
|
bn
|
|
Total
gross sales
|
£3,631.5
|
m
|
£4,048.9
|
m
|
£3,491.4
|
m
|
|
Gross
retail sales
|
£2,264.1
|
m
|
£2,411.8
|
m
|
£2,056.7
|
m
|
|
Gross
ISA sales
|
£389.3
|
m
|
£410.3
|
m
|
£367.9
|
m
|
|
Gross
PEP sales
|
£103.1
|
m
|
£68.3
|
m
|
£92.4
|
m
|
|
Gross
institutional sales
|
£1,367.4
|
m
|
£1,637.1
|
m
|
£1,434.8
|
m
|
|
Total
repurchases
|
£3,783.6
|
m
|
£3,430.9
|
m
|
£4,421.1
|
m
|
|
Retail
repurchases
|
£1,740.7
|
m
|
£1,852.5
|
m
|
£1,548.5
|
m
|
|
ISA
repurchases
|
£189.2
|
m
|
£188.7
|
m
|
£143.9
|
m
|
|
PEP
repurchases
|
£252.7
|
m
|
£250.2
|
m
|
£269.6
|
m
|
|
Institutional
repurchases
|
£2,042.8
|
m
|
£1,578.3
|
m
|
£2,872.6
|
m
|
|
Total
net sales
|
-£152.0
|
m
|
£618.0
|
m
|
-£929.6
|
m
|
|
Net
retail sales
|
£523.4
|
m
|
£559.3
|
m
|
£508.2
|
m
|
|
Net
ISA sales
|
£200.1
|
m
|
£221.6
|
m
|
£224.0
|
m
|
|
Net
PEP sales
|
-£149.7
|
m
|
-£181.9
|
m
|
-£177.2
|
m
|
|
Net
Institutional sales
|
-£675.4
|
m
|
£58.7
|
m
|
-£1,437.8
|
m
|
|
Total
accounts
|
18.82
|
m
|
18.69
|
m
|
18.92
|
m
|
|
ISA
accounts
|
8.18
|
m
|
8.17
|
m
|
7.79
|
m
|
|
PEP
accounts
|
6.86
|
m
|
6.91
|
m
|
7.45
|
m
|
|
Number
of funds
|
1,930
|
|
1,923
|
|
1,945
|
|
|
Number
of companies
|
128
|
|
129
|
|
130
|
|
|
Number
of OEIC providers
|
72
|
|
76
|
|
70
|
|
|
|
|
|
|
|
|
|
For
further information please contact:
Helen Stephenson, Communications Officer, IMA, +44 (0)20 7831
0898
Richard Saunders, Chief Executive, IMA, +44 (0)20 7831 0898
Georgina
Bound, Research Assistant, IMA, +44 (0)20 7831 0898
Notes to Editors:
Copies of all monthly sales statistics from December 1997 are available
on the IMA website: (www.investmentuk.org/statistics/fund_statistics/default.asp).
Best
selling funds in November 2003
|
Net
Retail Sales
UK Corporate Bond
UK All
Companies
|
Net
Institutional Sales
UK Equity
Income
Japan
|
Worst
selling funds in November 2003
|
Net
Retail Sales
Global Growth
UK Money
Market
|
Net
Institutional Sales
UK All
Companies
Europe
excluding UK
|
Detailed
Monthly Sales Figures
-
ends -
|
