Advisers flock to trusts as platform sales hit record high

Investment trust sales on adviser platforms reached a record high in the first quarter of 2015.

Purchases of closed-ended funds were £125.3m in the three months to the end of March, up 14% on the year before and up 43% on the first quarter of 2013, according to data from Matrix Financial Clarity. Annual sales for the year ending 31 March also reached a record high of £468.6m, as 13% more adviser firms purchased investment trusts through platforms year-on-year. Within the Q1 figures, the Global and UK Equity Income sectors were the most popular investment company sectors, accounting for 15% and 12% of sales respectively. Ian Sayers (pictured), the chief executive of the Associ...