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Isa investors going global

British investors are increasingly favouring global mar-kets, according to new figures from Autif.

Eighteen per cent of August Isa sales went into funds investing outside the EU, with the global growth sector proving the most popular.

Total sales of Isas investing outside the EU between May and August was £568m, an increase of almost eight times on global Pep sales from the same period in 1998.

Gross Isa sales fell for the fourth month in a row, but the figures showed a slowdown in its steep decline of the summer months. August figures were down by 6.2 per cent on July, to £659.7m from £703.2m.

Despite declining Isa sales, net retail sales continued to rise at a startling rate, indicating a growing confidence in investment outside the wrapper products. Net retail sales rose 18.6 per cent to £1,463m from £1,234m in July.

Tied agents continued to take the bulk of Isa sales with a 41.4 per cent share of the market. But IFAs stayed close on their heels with 39.1 per cent.

Bates Investment senior analyst James Dalby says: “We have noticed a move towards global funds and we tend to encourage it. It does not make sense, even for first-time investors, to restrict yourself to the UK or Europe.

“We are living in a global society. Markets are global, themes are global and people&#39s thoughts are now changing to a more global approach.”


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