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Investment trust Isa purchases up 20 per cent year on year

Investment trust Isa purchases in the third quarter of 2005 increased 20 per cent from 8.8m in 2004 to 10.6m says the AITC.

The global growth sector gained the highest proportion of total Isa purchases in September, at 25 per cent, followed by the UK growth and income sector at 11 per cent, and the European sector at 10 per cent. 18 per cent of investment trust Isa purchases were through financial advisers.

The average amount invested by regular savers was 154 per month whilst the average lump sum investment was 2,893. Despite the positive year-on-year figures, Isa purchases were down 46 per cent on the previous quarter from 19.6m to 10.6m.

AITC director general Daniel Godfrey says: “I feel very positive that more private investors will discover the many advantages the investment trust industry has to offer.”

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