By James Thorneley Investment trust Isa sales have grown at a faster rate than the equivalent unit t...
By James Thorneley Investment trust Isa sales have grown at a faster rate than the equivalent unit trust sales over the past year, according to the AITC. Purchases of investment trust Isas have almost tripled over the past 12 months, growing from £23.4m in the second quarter of 1999 to £69.11m in the second quarter of 2000, a rise of 195.34%. In contrast, Autif figures show gross unit trust Isa sales have grown from £1.7bn in the second quarter of 1999 to £3.5bn over the same period in 2000, a rise. Total purchases of investment trust Isas and saving schemes in the second quarter of 2000...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
