ISA's underpin UK market

Salomon Smith Barney is predicting strong returns for UK equities in April as a wall of Isa money com...

Salomon Smith Barney is predicting strong returns for UK equities in April as a wall of Isa money comes into the market. Salomons' UK Strategy Team points to this year's Isa season being more popular than the final year of Peps, ensuring strong short term returns from the market. It estimates some £4bn could flood into Isas during March and April, compared with £3.9bn for Peps and Isas over the same period in 1999. In 1999 the equity market fell back in May once the flow of Pep money fell off and the Salomons team believes the same effect could well take place in 2000. Robert Buckland, ...