Adviser firms have piled into investment trusts with purchases through platforms reaching a record £125.3m in the first quarter of this year, according to data from Matrix Financial Clarity.
The record figure represents a 14 per cent increase on Q1 2014.
Annual purchases also reached a new high of £468.6m for the 12-months to the end of Q1 2015.
The number of shares in investment companies sold through platforms also increased, rising to £77.2m in Q1 2015 from £70.3m in Q4 2014, according to the statistics, which were published by the Association of Investment Companies. However, sales were 5 per cent lower than in Q1 2014.
Meanwhile, total purchases of all products through platforms were 2 per cent lower in Q1 2015 than in Q4 2014.
Transact, the oldest of the wrap platforms, remains the top platform for investment company purchases, accounting for 53 per cent of the market in Q1 2015.
Alliance Trust Savings has overtaken Ascentric as the second most popular platform, with market share of 21 per cent and 14 per cent respectively.
The global and UK equity income sectors remain the most popular on adviser platforms in the same period, accounting for 15 per cent and 12 per cent of total investment company purchases respectively.
AIC chief executive Ian Sayers says: “It’s promising to see investment company purchases on adviser platforms hit another record high in Q1 2015. It’s also pleasing that the number of adviser firms purchasing investment companies has increased considerably.
“Demand for investment company training remains high, and our adviser education programme will continue with ten educational seminars across the UK starting in June.”