For Immediate Release:
Tuesday 1 March 2005
INVESTMENT
FUND STATISTICS
January
2005
-
Investment funds under management £278
billion
-
Gross industry sales £4.4 billion (January
2004 £4.4 billion)
-
Gross retail sales £2.6 billion (January
2004 £2.3 billion)
-
Gross ISA sales £334 million (January 2004
£387 million)
Investment funds under management in
January reached £278 billion, up 1% from December and an
increase of 14% from January 2004. ISA funds under
management of £38 billion also saw a rise of 1% from
December and increased by 20% on the previous year.
Net retail sales in January were £169.7
million, down 39% on the previous month and 69% on January
2004. An outflow from the institutional sector meant that
total net sales were negative to the tune of £135 million.
Net ISA sales fell for the first time
in four months to £38.9 million, down 58% from December 2004
and 79% from January 2004.
The most popular sector in January was
UK All Companies, accounting for 23% of gross retail
investment into unit trusts and OEICs, followed by UK Equity
Income (17%) and UK Corporate Bond (9%).
The trends in distribution continued in
January with intermediaries responsible for 78% of gross
retail sales of investment funds, whilst investment fund
ISAs continued to be sold predominantly by the sales
force/tied agent channel, accounting for 45% of gross ISA
sales.
Richard Saunders, Chief Executive of
the IMA commented:
“2005 has
started slowly with little new money flowing into investment
funds and investment fund ISAs. This is in spite of
continuing stock market improvement, which has seen the FTSE
100 index increase by some 50 per cent in the last two
years.”
Summary table – January 2005. Unit
trust, OEIC, ISA and PEP data
|
|
Jan-05 |
|
Dec-04 |
|
Jan-04 |
|
|
Total funds under management |
£278.0 |
bn |
£275.4 |
bn |
£243.5 |
bn |
|
ISA funds |
£37.7 |
bn |
£37.3 |
bn |
£31.3 |
bn |
|
PEP funds |
£38.1 |
bn |
£38.0 |
bn |
£37.6 |
bn |
|
OEIC funds |
£173.9 |
bn |
£172.4 |
bn |
£151.5 |
bn |
|
Total gross sales |
£4,406.1 |
m |
£5,088.6 |
m |
£4,432.4 |
m |
|
Gross retail sales |
£2,558.7 |
m |
£2,420.1 |
m |
£2,309.2 |
m |
|
Gross ISA sales |
£333.9 |
m |
£337.5 |
m |
£386.9 |
m |
|
Gross PEP sales |
£51.5 |
m |
£61.7 |
m |
£68.2 |
m |
|
Gross institutional sales |
£1,847.4 |
m |
£2,668.5 |
m |
£2,123.2 |
m |
|
Total repurchases |
£4,541.0 |
m |
£4,415.9 |
m |
£3,902.9 |
m |
|
Retail repurchases |
£2,389.0 |
m |
£2,140.9 |
m |
£1,755.1 |
m |
|
ISA repurchases |
£295.1 |
m |
£244.8 |
m |
£202.5 |
m |
|
PEP repurchases |
£271.9 |
m |
£241.5 |
m |
£236.3 |
m |
|
Institutional repurchases |
£2,152.0 |
m |
£2,275.1 |
m |
£2,147.8 |
m |
|
Total net sales |
-£134.8 |
m |
£672.7 |
m |
£529.5 |
m |
|
Net retail sales |
£169.7 |
m |
£279.3 |
m |
£554.1 |
m |
|
Net ISA sales |
£38.9 |
m |
£92.8 |
m |
£184.4 |
m |
|
Net PEP sales |
-£220.4 |
m |
-£179.7 |
m |
-£168.1 |
m |
|
Net Institutional sales |
-£304.6 |
m |
£393.4 |
m |
-£24.5 |
m |
|
Total accounts |
18.19 |
m |
18.26 |
m |
19.30 |
m |
|
ISA accounts |
8.30 |
m |
8.28 |
m |
8.17 |
m |
|
PEP accounts |
5.92 |
m |
5.97 |
m |
6.65 |
m |
|
Number of funds |
1,978 |
|
1,975 |
|
1,927 |
|
|
Number of companies |
121 |
|
122 |
|
129 |
|
|
Number of OEIC providers |
77 |
|
76 |
|
73 |
|
|
|
|
|
|
|
|
|
Best and worst selling sectors – net retail sales
|
Year |
Month |
Best |
Worst
|
|
2005 |
January |
UK Equity Income |
Active Managed |
|
2004 |
December
|
UK Equity Income |
North America |
|
|
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 |
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
Out of hours contact:
Despina
Constantinides, Partner, Polhill Communications, 07801 337
677
Detailed
Monthly Sales Figures
-
ends -
|
