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Unit trust and Oeic investors shun regular savings

The majority of unit trust and Oeic investors are shunning regular saving for lump sum investing with average monthly investment at its lowest for years.

Just over 30 per cent of investors choose to invest regularly compared to 73 per cent who prefer lump sum investments. The average monthly investment is £85 compared to £100 in 1996, while the average lump sum investment is currently £4,665.

In January, Autif admitted being “disappointed” the 1.6m Isa savings plans in force were well below the two million plans that were in existence when Peps came to a close last year.

The latest revelation comes from Autif&#39s survey into the buying habits and attitudes of investors.

But the survey reveals the most popular reason to choose a unit trust or Oeic is to beat building society and bank deposit rates. It says investors plan to hold the investment for an average of 8.2 years, the longest since the annual survey began in 1994 when the average investment was held for 7.9 years.

Autif director of communications Anne McMeehan says: “The introduction of Isas has yet to make a significant impact on investor type and behaviour. However, initial pointers do indicate Isa buyers are generally younger than Pep holders.”


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