For the third month running the figures for net retail sales were up on the corresponding month last year. This August such sales were worth £765.7m compared with £548.9m for the same time last year.
Last month was also the first time this year that the UK All Companies sector was more popular in terms of gross retail sales than UK Corporate Bonds. The growing popularity of stockmarket investment compared with bonds is also a sign of increasing bullishness.
UK Corporate Bonds is still the most popular sector in terms of net retail sales but its share fell from nearly half in July to about a third in August. Out of total net retai
l sales in August it accounted for £252.7m compared with £148.5m for UK All Companies and £142.8m for UK Equity Income.
Other more aggressive cyclical sectors were also popular. Global Emerging Markets was the fourth most popular sector at £83.8m. There was £51.7m in Far East Excluding Japan and £21.5m in Japan.
As usual intermediaries were the most popular distribution channel with about two-thirds of gross retail sales. However, 53% of sales of Individual Savings Accounts (ISAs) were through sales forces or tied agents.
According to IMA estimates fund supermarkets accounted for about £2.7 billion of ISA funds under management out of an industry total of £28.7 billion.
SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk
To view this article, become a Morningstar Basic member.
Register For Free
The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.