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ISA investors eye equities

ISA investors eye equities

Category: Investments

Updated: 01/02/2010
First Published: 01/02/2010

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 It is now over 6 months old so the content may be out of date.

Investor confidence in the stock market appears to be returning after it was revealed half of all ISA sales in January went into equities.

Strong inflows of funds were recorded into global and UK equities by Skandia last month, although UK fixed interest funds retained its position as the most popular single asset class, attracting a quarter of all sales.

The UK was the most popular region for equities, with 18% of sales, followed by Global Specialist (10%) and Emerging Markets (7%).

In terms of sales of fixed interest funds, the UK dominated, with international funds accounting for just 3% of the total sold.

"This year has started with the markets in a very different place to a year ago," said Graham Bentley, head of investment marketing at the investment group.

"It is encouraging to see portfolio diversity from the spread of equities globally and that investors are not risking the mistake of putting all their ISA eggs in one basket."

The ISA limits were increased from £7,200 to £10,200 for those aged 50 and over last year, with up to £5,100 able to be held in a cash ISA.

The new allowances will become applicable to everyone in the new tax year, starting 6 April.

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