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Investment ISAs ever popular

Investment ISAs ever popular

Category: Investments

Updated: 27/03/2009
First Published: 25/03/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Despite the challenging economic climate, 94 per cent of investors are planning to invest the same amount or more into their investment ISAs in the next tax year as they have done this year.

The poll of investment ISA holders has found that almost nine in ten (84 per cent) use the products as it gives them the freedom to make their own investment decisions.

Furthermore, over half (53 per cent) said that they are still confident of investing despite the volatility of the markets, according to Barclays Stockbrokers.

The majority of trades made by self directed investors continues to be stock buys, with almost 63 per cent being share purchases in 2009 so far. It is further evidence of their continuing popularity, following a recent poll that found 63 per cent of investors plan to invest in single stocks within their ISAs this year.

The option of altering portfolios to suit market conditions was also cited as a reason for using investment ISAs.

Barbara-Ann King, head of investments, said: "While some investors will be feeling more cautious in the current environment, it is encouraging that the majority are still confident of taking control on their investment decisions and are taking a long term view."

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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