March Isa sales up on previous year

Net sales of UK domiciled Isas were £321m in March, an increase on February's outflows of £112.5m and...

Net sales of UK domiciled Isas were £321m in March, an increase on February's outflows of £112.5m and up on the £47.5m inflow in March 2008, according to figures from the IMA. In total the 2008/09 tax year saw net Isa outflows of £975m, which compares favourably with the £1.7bn outflows seen in the 2007/08 tax year. The 2008/09 Isa season (1 March - 5 April) saw encouraging inflows up 74% year on year, with total inflows of £529.1m. The most popular sector for Isa investors was UK All Companies which accounted for 21% of gross Isa sales. However, outside of Isas, the £ Corporate Bond ...