Isa sales in February down 81%

The IMA's February Isa sales figures show an 81% drop over those recorded at the height of the ...

The IMA's February Isa sales figures show an 81% drop over those recorded at the height of the market three years ago. Its latest monthly statistics show that February 2003 brought in £193m net, a long drop from the equivalent figure of £1.03bn in February 2000. While this February's figure was low, sales were up on January's £158m net, but down on 2002's February sales by £126m. Intermediaries' share of Isa sales declined in February to 26% from 28% in January while sales forces and tied agents accounted for 50% of Isa sales and 26% of overall fund sales. The direct channel acc...