Disappointing year for Isas

Investment trust Isa purchases fell 10% in the third quarter of 2003 relative to the previous year, ...

Investment trust Isa purchases fell 10% in the third quarter of 2003 relative to the previous year, dropping from £13.54m to £12.24m. Sales of such products also decreased on the previous quarter, falling 43% from £21.62m. While down 5% on the third quarter of 2002, investment trust savings scheme purchase increased relative to the second quarter, rising to £48.7m from £46.5m.