Isa repurchases during the month of May slowed marginally compared to the previous month, according...
Isa repurchases during the month of May slowed marginally compared to the previous month, according to the latest fund sales data provided by the IMA. In May £175.1m of repurchases took place compared to £181m in April and just over £100m in May 2001. Coupled with the upward trend in redemptions, which reflects the continued struggles of world stock markets, one of the most successful sectors was UK corporate bond funds, which accounted for 19% of all Isa sales. Despite this, total gross retail sales were up on 12 months ago. In all, £2.789bn in gross retail sales was recorded compa...
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