February Isa sales half last year's

Net Isa sales for February were less than half those for the same period last year, according to the...

Net Isa sales for February were less than half those for the same period last year, according to the latest figures from the IMA. Just £319.3m net of Isa sales went through in February 2002, compared to £646.8m in the same month last year. Gross Isa sales amounted to £450m over the same period, compared to £763m in 2001. However, the 2002 figures do not take into account an estimated £70m of Isas sold through fund supermarkets, the IMA said. While supermarkets were up and running in 2001, they have grown in popularity with intermediaries over the past year. In addition, the February fi...