Isa sales patterns altering traditional retail hierarchy

By Investment Week staff Aberdeen Asset Managers, Jupiter, INVESCO and Fidelity are the four groups ...

By Investment Week staff Aberdeen Asset Managers, Jupiter, INVESCO and Fidelity are the four groups that are taking in the bulk of Isa money so far this year. Aberdeen has emerged as a major player in the past 12 months helped by the strong demand for technology funds and split cap investment trusts. It estimates it is taking in £6-7m in Isa money daily with the average amount invested per application being £5,000. On 1 March the group received 1,664 Isas applications compared to the corresponding day in 1999 when it got 167 Pep applications. The majority of the money is going into the gr...