For Immediate Release:
Wednesday 5 January 2005
INVESTMENT
FUND STATISTICS
November
2004
-
Investment funds under management £268
billion
-
Gross industry sales £5.3 billion (November
2003 £3.8 billion)
-
Gross retail sales £2.6 billion (November
2003 £2.2 billion)
-
Gross ISA sales £402 million (November 2003
£389 million)
Investment funds under management in
November were up 3% from October and increased by 15% from
the previous year. ISA funds under management also improved,
up 2% from the previous month and 21% from November 2003.
Total net sales of £562 million were
down 38% on the previous month but were higher than the £21
million in November 2003. Net retail sales continued to
improve and grew 3% from October, however, they were down
26% on the previous year.
Net ISA sales continued to improve in
November, up 21% from October, but were significantly behind
the sales of £200 million in November 2003.
The most popular sector in November was
UK All Companies accounting for 24% of gross retail sales,
followed by UK Equity Income (13%) and UK Corporate Bond
(11%).
The most popular distribution channel
continued to be intermediaries, responsible for 73% of gross
retail sales whilst sales force/tied agents sold the most
ISAs (43% of gross ISA sales).
Sheila Nicoll, Deputy Chief Executive
of the IMA commented:
“Sales in November were
stable and ISA sales have remained positive. We hope
that the recent announcement from the Treasury that
current ISA limits will remain until 2009 will remove
some of the uncertainty which has affected the
Government’s hitherto most successful savings product.
It remains to be seen whether ISAs will reach their
previous popularity and fulfil their potential in
encouraging individuals to save.”
Summary table: November 2004 – Unit Trust, OEIC, ISA and PEP data
|
|
Nov-04 |
|
Oct-04 |
|
Nov-03 |
|
|
Total funds under management |
£267.8 |
bn |
£260.2 |
bn |
£233.7 |
bn |
|
ISA funds |
£36.3 |
bn |
£35.6 |
bn |
£29.9 |
bn |
|
PEP funds |
£37.3 |
bn |
£36.6 |
bn |
£37.0 |
bn |
|
OEIC funds |
£168.5 |
bn |
£163.9 |
bn |
£145.4 |
bn |
|
Total gross sales |
£5,254.4 |
m |
£4,609.9 |
m |
£3,805.7 |
m |
|
Gross retail sales |
£2,593.2 |
m |
£2,501.1 |
m |
£2,220.2 |
m |
|
Gross ISA sales |
£401.6 |
m |
£349.5 |
m |
£389.3 |
m |
|
Gross PEP sales |
£96.1 |
m |
£71.8 |
m |
£103.1 |
m |
|
Gross institutional sales |
£2,661.2 |
m |
£2,108.9 |
m |
£1,585.6 |
m |
|
Total repurchases |
£4,692.4 |
m |
£3,707.7 |
m |
£3,785.1 |
m |
|
Retail repurchases |
£2,237.9 |
m |
£2,156.3 |
m |
£1,740.7 |
m |
|
ISA repurchases |
£356.3 |
m |
£312.0 |
m |
£189.2 |
m |
|
PEP repurchases |
£365.0 |
m |
£342.0 |
m |
£252.7 |
m |
|
Institutional repurchases |
£2,454.5 |
m |
£1,551.4 |
m |
£2,044.5 |
m |
|
Total net sales |
£562.0 |
m |
£902.2 |
m |
£20.6 |
m |
|
Net retail sales |
£355.3 |
m |
£344.7 |
m |
£479.5 |
m |
|
Net ISA sales |
£45.3 |
m |
£37.4 |
m |
£200.1 |
m |
|
Net PEP sales |
-£268.8 |
m |
-£270.2 |
m |
-£149.7 |
m |
|
Net Institutional sales |
£206.7 |
m |
£557.5 |
m |
-£458.9 |
m |
|
Total accounts |
18.27 |
m |
18.40 |
m |
19.24 |
m |
|
ISA accounts |
8.29 |
m |
8.33 |
m |
8.18 |
m |
|
PEP accounts |
5.97 |
m |
6.04 |
m |
6.86 |
m |
|
Number of funds |
1,968 |
|
1,962 |
|
1,930 |
|
|
Number of companies |
122 |
|
124 |
|
128 |
|
|
Number of OEIC providers |
75 |
|
75 |
|
72 |
|
|
|
|
|
|
|
|
|
Additional tables available at:
http://www.investmentuk.org/industry_data/ukbusiness/statsindex.asp
Best and worst selling sectors – net
retail sales
|
Year |
Month |
Best |
Worst
|
|
2004 |
November |
UK Equity Income |
Global Growth |
|
|
October |
UK Equity Income |
UK All Companies |
|
|
September |
UK Equity Income |
UK All Companies |
|
|
August |
UK Equity Income |
UK All Companies |
|
|
July |
UK Equity Income |
Europe Excluding UK |
|
|
June |
UK Equity Income |
Europe Excluding UK |
|
|
May
|
Cautious Managed |
Asia Pacific Excluding Japan |
|
|
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 |
For
further information, please contact:
Helen Stephenson, Communications Officer, IMA, +44 (0)20 7831
0898
Sheila Nicoll, Deputy Chief Executive, IMA, +44 (0)20 7831 0898
Out of hours contact:
Despina
Constantinides, Partner, Polhill Communications, 07801 337
677
Notes to
Editors:
2004 year end
statistics incorporating December’s figures will be
available the week commencing 31 January 2005
Detailed
Monthly Sales Figures
-
ends -
|
