Sales of investment trust saving schemes fell by 5 per cent to £48.7m in the third quarter of 2003 from £50.5m in the same period last year.
Figures from the AITC show sales of investment trust Isas were down by 10 per cent to £12.2m £13.5m.
The global growth investment trust sector accounted for 55 per cent of saving schemes sold in the third quarter, up from 42 per cent in the second quarter, while 7 per cent of sales were in the UK growth and income sector, down from 8.5 per cent. The average monthly investment was £158 while the average lump sum was £1,985.
Director general Daniel Godfrey says: “Given the strong performance of the sector over the last year, it is disappointing to see the year-on-year purchases slightly down. But saving scheme purchases, which count for the lion's share of investment trust retail purchases, are slightly up on the previous quarter.”