Volatile world stock markets failed to deter UK investors from investing a bumper amount in equity-based Isas in February.
Gross sales of equity ISAs totalled £1.07bn in February, which was up 59 per cent on January sales, according to the Association of Unit Trusts and Investment Funds.
Although the figure is slightly less than the amount invested in February last year in PEPs, Autif is upbeat about the figures.
Spokeswoman Anne McMeehan says: “Technology funds have received a growing proportion of investment over the last few months. There is no doubt that over the last few months UK investors have developed a taste for higher risk funds”.