Purchases of investment companies on adviser platforms remained resilient in the second quarter of the year, despite market turbulence, according to data by the Association of Investment Companies and compiled by ISS Financial Clarity.
Investors poured £361m of cash into investment trusts during the last quarter, 20% higher than in the same quarter last year and the second-highest quarterly figure on record. This was matched by net demand of £151m, also the second-highest figure ever recorded. Despite the market drop in the first half of the year, there were purchases of £700m between January and June, the highest level ever in a six-month period. The AIC Flexible Investment sector, which is home to investment companies investing in a range of asset classes, was the most popular over the period with 17% of purchas...
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