ISA Investors Favour UK Stocks

ISA investors have been buying funds exposed to UK stocks as they rush to use up their tax free allowance before the end of the tax year on April 5

Emma Wall 31 March, 2014 | 1:51PM
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UK stocks are in demand with ISA investors, according to the latest sales statistics from the Investment Management Association. Investors deposited a total of £555 million in UK equity funds, a significant increase on the £315 million monthly average retail sales over the previous year.

The most popular funds among ISA investors using five of the largest online platforms - Cofunds, Fidelity, Hargreaves Lansdown, Skandia and Transact – were UK Smaller Companies, which took £34 million last month. After the UK Smaller Companies sector, ISA investors favoured UK All Companies which took inflows of £32 million and UK Equity Income, with sales of £29 million.

Among non-ISA investors, the sector with the largest number of sales last month was UK All Companies which recorded inflows of £371 million. This bias shows British investors are confident about the outlook for domestic stocks.

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Emma Wall  is former Senior International Editor for Morningstar

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