Isa fund sales expected to drop 25% on 2000 figures

By Adam Lewis Industry-wide Isa sales are on track to be some 25% below the £4.1bn achieved in the ...

By Adam Lewis Industry-wide Isa sales are on track to be some 25% below the £4.1bn achieved in the first quarter of last year. Some of the most successful providers last year are failing to maintain their sales volumes or market share. An Investment Week survey of the largest Isa providers including Fidelity, Jupiter, Aberdeen and Threadneedle has found that poor one year equity returns and a lack of market direction have all had a negative impact. In the first quarter so far Aberdeen has seen sales figures drop by as much as 30% compared to last year, according to Gary Marshall, sal...