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Investment trust Isa purchases increase by 2 per cent

The total purchases of investment trust Isas increased 2 per cent in 2004 to 62.33m from 60.96m in 2003.

The global growth sector was the most popular sector with investment trust Isa investors in the last quarter of 2004, accounting for 32 per cent of purchases, some 5 per cent of which were through financial advisers. The UK growth sector, with 14 per cent of purchases, was second most popular, and the UK growth and income sector, with 13 per cent of purchases, came third.

Overall, 9 per cent of investment trust Isa purchases were through financial advisers in 2004. The total market cap for investment trust Isas at December 31 2004 was 490m.

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