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For Immediate Release:
Monday 24 May 2004
INVESTMENT FUND STATISTICS
April 2004
-
Investment funds under management £248
billion
-
Gross industry sales £4.7 billion (April 2003
£4.6 billion)
-
Gross retail sales £3 billion (April 2003
£2.6 billion)
-
Gross ISA sales £843 million (April 2003 £813
million)
Investment funds under management saw an
increase of 1% in April to £248 billion and were up 24% from
the previous year. ISA funds under management also continued
to grow to £33.6 billion, a 34% increase on April 2003.
Net retail sales of £702 million were
down by 17% from March and by 33% from the £1 billion seen the
previous year. Net ISA sales in April were 19% higher than in
March, but were down 14% from April 2003. Net ISA sales for
March and April 2004 were £1,082 million compared to £1,092
million the previous year.
The most popular sector in April was UK
All Companies for the seventh consecutive month, accounting
for 25% of gross retail sales. This was followed by UK
Corporate Bonds (13%) and UK Equity Income (11%).
Intermediaries were responsible for more
than two thirds of gross retail investment into unit trusts
and OEICs (70%), followed by sales force/tied agents which
accounted for 14%. Sales force/tied agents were again the most
popular distributor of ISAs, with a share of 38% of gross ISA
sales, closely followed by intermediaries with 31% and direct
sales with 30%.
Richard Saunders, Chief Executive of the
IMA commented:
“The combined numbers for March and April indicate
that the 2004 ISA season was broadly inline with last year.
This suggests that fears for the future of ISAs were broadly
offset by the more buoyant demand from investors that we
have been seeing over the last few quarters.”
Summary table: April 2004 – Unit trust/OEIC, ISA and
PEP data
|
|
Apr-04 |
|
Mar-04 |
|
Apr-03 |
|
|
Total funds under management |
£248.5 |
bn |
£246.1 |
bn |
£201.1 |
bn |
|
ISA funds |
£32.8 |
bn |
£32.4 |
bn |
£25.1 |
bn |
|
PEP funds |
£37.5 |
bn |
£37.4 |
bn |
£34.4 |
bn |
|
OEIC funds |
£156.4 |
bn |
£155.0 |
bn |
£113.1 |
bn |
|
Total gross sales |
£4,725.6 |
m |
£5,706.1 |
M |
£4,602.5 |
m |
|
Gross retail sales |
£2,995.7 |
m |
£3,556.7 |
M |
£2,594.3 |
m |
|
Gross ISA sales |
£842.8 |
m |
£844.6 |
M |
£813.0 |
m |
|
Gross PEP sales |
£82.2 |
m |
£108.2 |
M |
£51.2 |
m |
|
Gross institutional sales |
£1,729.9 |
m |
£2,149.4 |
M |
£2,008.2 |
m |
|
Total repurchases |
£4,152.7 |
m |
£5,134.9 |
M |
£2,850.7 |
m |
|
Retail repurchases |
£2,294.1 |
m |
£2,703.7 |
M |
£1,547.5 |
m |
|
ISA repurchases |
£255.6 |
m |
£349.5 |
M |
£131.8 |
m |
|
PEP repurchases |
£319.5 |
m |
£374.7 |
M |
£189.8 |
m |
|
Institutional repurchases |
£1,858.6 |
m |
£2,431.2 |
M |
£1,303.3 |
m |
|
Total net sales |
£572.9 |
m |
£571.1 |
M |
£1,751.7 |
m |
|
Net retail sales |
£701.7 |
m |
£853.0 |
M |
£1,046.8 |
m |
|
Net ISA sales |
£587.2 |
m |
£495.1 |
M |
£681.2 |
m |
|
Net PEP sales |
-£237.5 |
m |
-£266.5 |
M |
-£138.7 |
m |
|
Net Institutional sales |
-£128.7 |
m |
-£281.8 |
M |
£704.9 |
m |
|
Total accounts |
19.16 |
m |
19.09 |
M |
18.74 |
m |
|
ISA accounts |
8.38 |
m |
8.29 |
M |
8.06 |
m |
|
PEP accounts |
6.48 |
m |
6.58 |
M |
7.19 |
m |
|
Number of funds |
1,938 |
|
1,945 |
|
1,972 |
|
|
Number of companies |
128 |
|
127 |
|
129 |
|
|
Number of OEIC providers |
74 |
|
73 |
|
71 |
|
|
|
|
|
|
|
|
|
Best and worst selling sectors
– net retail sales
Year
|
Month |
Best |
Worst |
|
2004 |
April |
UK All Companies |
Europe Excluding UK |
|
|
March |
UK Equity Income |
North America |
|
|
February |
UK All Companies
|
UK Equity & Bond Income |
|
|
January
|
UK All Companies |
UK Smaller Companies
|
|
2003 |
December |
UK All Companies |
UK Smaller Companies |
|
|
November |
UK Corporate Bond |
Global Growth |
|
|
October |
UK Corporate Bond |
Europe excluding UK |
|
|
September |
UK Corporate Bond |
UK Smaller Companies |
|
|
August |
UK All Companies
|
Europe excluding UK |
|
|
July |
UK Corporate Bond |
Europe excluding UK |
|
|
June |
UK Corporate Bond |
Europe excluding UK |
|
|
May |
UK Corporate Bond |
Europe excluding UK |
|
|
April |
UK Corporate Bond |
Europe excluding UK |
|
|
March |
UK Corporate Bond |
Europe excluding UK |
|
|
February |
UK Corporate Bond |
Europe excluding UK |
|
|
January |
UK Corporate Bond |
Europe excluding UK |
|
2002 |
December |
UK Corporate Bond |
Europe excluding UK |
|
|
November |
UK Corporate Bond |
UK Equity & Bond Income
|
|
|
October
|
UK Corporate Bond |
Europe excluding UK |
|
|
September |
UK Corporate Bond |
Europe excluding UK |
|
|
August |
UK Corporate Bond |
Europe excluding UK |
|
|
July |
UK Corporate Bond |
Global Emerging Markets |
|
|
June |
UK Corporate Bond |
North America |
|
|
May |
UK Corporate Bond |
UK Equity & Bond Income |
|
|
April |
UK All Companies
|
Guaranteed/Protected |
|
For
further information please contact:
Richard Saunders, Chief Executive, IMA, +44 (0)20 7831 0898
Helen Stephenson, Communications Officer, IMA, +44 (0)20 7831
0898
Out Of hours
contact:
Mona Patel, Head of
Communications, IMA, 07834 089332
Notes to Editors:
|