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Click on blue links to view tables For immediate release: Wednesday 3 January 2007
Investment funds under management of £398 billion in November saw a rise of 1% from October and were 19% higher than November 2005. ISA funds under management of £50 billion rose 1% from the previous month and were 17% higher than the previous year. Graph showing funds under management since November 2005. Net ISA sales of £-3.1 million in November were less than the sales of £83 million in October and were down £82 million from November 2005. The most popular ISA sector in November was the UK All Companies sector, accounting for 26% of gross ISA sales. Total net sales were £632 million with bonds accounting for inflows of £407 million. Of the £716 million net retail sales £214 million was invested in balanced funds, followed by £207 million in bonds.Graph showing net retail sales over the last 13 months. The most popular sector in November was UK All Companies, representing 21% of gross retail sales. The sector was favoured by intermediaries and accounted for 20% of gross retail business through this channel. The most popular distribution channel in November was the intermediary channel representing 81% of gross retail business. Gross ISA sales of £257 million from fund supermarkets made them the dominant distributor of ISAs, followed by £186 million through sales force/tied agents. The Specialist sector remained the most popular net retail sector with inflows of £408 million, of which £393 million was through the property funds in this sector. The sector with the biggest outflows in November was the Japan sector with net outflows of £133 million. Sheila Nicoll, Deputy Chief Executive of the IMA commented:
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