Investment company sales on platforms up 53% - AIC

clock

Investment company purchases on platforms by advisers and wealth managers are up 53% in the first six months of 2013 against the same period last year, research by the Association of Investment Companies (AIC) shows.

Total investment company purchases reached £147m between January and July this year, compared to £96m worth of sales in H1 2012. The UK Growth & Income and Global Growth sectors were the most popular sectors, accounting for a combined 32% of investment company purchases, the AIC said. Director general Ian Sayers said: "It is encouraging to see such a strong increase in platform purchases by advisers, albeit from a low base. The data backs up the positive anecdotal feedback we have been receiving from investment company managers. "The AIC has seen a strong increase in adviser intere...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Platforms

Investment platform TILLIT closes down

Investment platform TILLIT closes down

Closure to take place on 12 September

Sorin Dojan
clock 25 June 2025 • 1 min read
Woodford to charge up to £70 a month to access portfolio platform

Woodford to charge up to £70 a month to access portfolio platform

W4.0 launches

Cristian Angeloni
clock 06 June 2025 • 2 min read
Woodford sets launch date for portfolio platform

Woodford sets launch date for portfolio platform

W4.0

Cristian Angeloni
clock 03 June 2025 • 1 min read
Trustpilot