M&G Isa sales down 20% on last year

M&G has seen a first quarter 20% decline on Isa sales compared with the equivalent period a year ago...

M&G has seen a first quarter 20% decline on Isa sales compared with the equivalent period a year ago. Overall, fund inflows for the first three months of this year were £89m, with the group's corporate bond funds and British Opportunities unit trust proving to be the most popular. The group saw gross fund inflows of £427m, although this figure includes £171m in respect of the rollover of the M&G Recovery Investment Trust. Without this, the gross figure for collective investment sales is £256m, a 1% fall on last year.