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ABN Amro takes over from Fidelity in IFAs&#39 Isa poll

ABN Amro toppled Fidelity from its position as IFAs&#39most recommended Isa fund provider, according to new data compiled by Keydata in a poll that preceded September 11.

The survey, done in August, which asked more than 500 IFAs which funds they were recommending, saw 15.5 per cent of advisers list ABN Amro as their top Isa investment house followed by former favourite Fidelity on 15.2 per cent.

When the survey was last conducted in February, Fid-elity dominated the table with 14.12 per cent of the vote while ABN Amro was in second place with 8.9 per cent.

Artemis is the table&#39s highest climber, leaping to ninth place from 17th in February and now accounting for 3 per cent of the vote.

Merrill Lynch and SG Asset Management were the table&#39s two biggest losers, both dropping outside the top 25 providers after being in February&#39s top 20.

Invesco Perpetual came in at fourth place, the same place as Invesco had achieved in February without the addition of Perpetual&#39s fund range.

Credit Suisse was the table&#39s highest new entry, jumping in at 10th position with 2.8 per cent of the vote. In February, CSAM failed to make the top 20 or even take 1 per cent of the vote.

New Star was the second-highest new entry at 11th place, with Standard Life and Old Mutual the two other new entrants to the top 20.

ABN Amro product & communications director Nick Wells says: “The bulk of money in the UK market goes into UK funds – and we have got four pretty good performing UK funds, which stands us in good stead. Much of this success will be down to the launch of our UK select opps fund in March this year, which has taken £130m and is still taking money.”

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