Isa funds fall in January - IMA

Isa funds under management fell in January, according to the latest figures from the IMA. The as...

Isa funds under management fell in January, according to the latest figures from the IMA. The association’s statistics for the month reveal Isa funds under management of £51bn fell marginally but were 11% higher than the 2006 figures for the same month. Richard Saunders, chief executive at the IMA, said January was a relatively quiet month by recent standards. However, net inflows from retail investors were still very healthy at just under £900m, he added. Isa distribution continued to be dominated by fund supermarkets in January, he said. Investment funds under management of £411bn i...