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For Immediate Release:
Tuesday 29 June 2004
INVESTMENT FUND STATISTICS
May 2004
-
Investment funds under management £247
billion
-
Gross industry sales £4.3 billion (May 2003
£3.4 billion)
-
Gross retail sales £2.3 billion (May 2003
£2.2 billion)
-
Gross ISA sales £436 million (May 2003 £495
million)
Investment funds under management in May
saw an 18% increase from the previous year, but fell by 2%
from April. ISA funds under management also fell from the
previous month to £33.1 billion but increased by 25% from May
2003.
Total net sales in May were up 21% on the
year and 50% from April. This increase was largely due to net
institutional inflows, with net retail sales of £126 million
significantly down on both the month and the year (down 84%
and 83% respectively).
Net ISA sales also fell to £167 million,
51% lower than May 2003 and down from £587 million the
previous month.
The most popular sectors in May were the
UK All Companies sector accounting for 22% of gross retail
sales, 53% of which were sold through intermediaries. This was
followed by UK Corporate Bonds (13%), with sales force/tied
agents distributing 50% of these sales.
Once again intermediaries were
responsible for the largest proportion of gross retail
investment fund sales (68%) whilst ISAs were mainly sold
through sales force/tied agents (43%).
Richard Saunders, Chief Executive of the
IMA commented:
“Significantly increased
redemptions in May pushed net retail investment to its
lowest level since September 2002. The next few months will
tell whether this marks a departure from the previous
trend.”
Summary table: May 2004 – Unit trust/OEIC, ISA and PEP
data
|
|
May-04 |
|
Apr-04 |
|
May-03 |
|
|
Total funds under management |
£247.5 |
bn |
£252.6 |
bn |
£210.3 |
bn |
|
ISA funds |
£33.1 |
bn |
£33.6 |
bn |
£26.5 |
bn |
|
PEP funds |
£36.6 |
bn |
£37.5 |
bn |
£35.9 |
bn |
|
OEIC funds |
£158.2 |
bn |
£156.4 |
bn |
£118.8 |
bn |
|
Total gross sales |
£4,285.6 |
m |
£4,876.2 |
m |
£3,427.8 |
m |
|
Gross retail sales |
£2,283.1 |
m |
£3,120.9 |
m |
£2,225.9 |
m |
|
Gross ISA sales |
£435.9 |
m |
£842.8 |
m |
£494.9 |
m |
|
Gross PEP sales |
£94.7 |
m |
£82.2 |
m |
£95.4 |
m |
|
Gross institutional sales |
£2,002.5 |
m |
£1,755.3 |
m |
£1,201.9 |
m |
|
Total repurchases |
£3,249.4 |
m |
£4,183.7 |
m |
£2,568.3 |
m |
|
Retail repurchases |
£2,157.4 |
m |
£2,319.7 |
m |
£1,484.2 |
m |
|
ISA repurchases |
£269.2 |
m |
£255.6 |
m |
£153.8 |
m |
|
PEP repurchases |
£311.9 |
m |
£319.5 |
m |
£203.2 |
m |
|
Institutional repurchases |
£1,092.0 |
m |
£1,864.0 |
m |
£1,084.1 |
m |
|
Total net sales |
£1,036.3 |
m |
£692.5 |
m |
£859.5 |
m |
|
Net retail sales |
£125.7 |
m |
£801.2 |
m |
£739.4 |
m |
|
Net ISA sales |
£166.6 |
m |
£587.2 |
m |
£341.1 |
m |
|
Net PEP sales |
-£217.2 |
m |
-£237.4 |
m |
-£107.8 |
m |
|
Net Institutional sales |
£910.6 |
m |
-£108.7 |
m |
£117.8 |
m |
|
Total accounts |
19.03 |
m |
19.08 |
m |
18.72 |
m |
|
ISA accounts |
8.39 |
m |
8.38 |
m |
8.10 |
m |
|
PEP accounts |
6.43 |
m |
6.48 |
m |
7.14 |
m |
|
Number of funds |
1,946 |
|
1,938 |
|
1,948 |
|
|
Number of companies |
128 |
|
128 |
|
130 |
|
|
Number of OEIC providers |
75 |
|
74 |
|
72 |
|
|
|
|
|
|
|
|
|
Best selling
funds in May
Net retail
sales Net institutional sales
UK Equity
Income UK All Companies
Cautious
Managed UK Gilt
Worst selling
funds in May
Net retail
sales Net institutional sales
Far East excluding
Japan UK Smaller
Companies
North America
UK Other Bond
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:
Copies of all monthly sales statistics from December 1997 are available
on the IMA website: (www.investmentuk.org/statistics/fund_statistics/default.asp).
Detailed
Monthly Sales Figures
-
ends -
|
