Investment trusts mark record £687m sales in 2015

Sayers-Ian-2010-700x450.jpgA record £687m of investment companies have been purchased via platforms in 2015, research from the Association of Investment Companies shows.

The number of investments has grown by 43 per cent from £480m on the previous year and from nearly £400m, or a 72 per cent rise in 2013.

Adviser purchases of investment trusts in 2015 also nearly tripled on the 2012 pre-RDR level, which totalled £236.6m.

According to AIC, although a large chunk of 2015’s sales were related to the launch of Woodford Patient Capital in the second quarter of last year, purchases over the remaining three quarters were still up 17 per cent year-on-year.

The most popular sectors were Global, UK Equity Income and UK All Companies, counting for 16 per cent, 12 per cent and 10 per cent of purchases respectively.

Transact was the most popular platform, getting the largest market share at 48 per cent. Alliance Trust Savings and Ascentric followed with 18 per cent and 16 per cent of the market respectively.

AIC chief executive Ian Sayers says: “It’s highly encouraging that adviser purchases of investment companies in 2015 are at record levels and have nearly tripled since before RDR. It’s also really significant that the number of adviser firms using investment companies hit an all-time high.”

“Demand for training remains high and we have now trained over 4,000 advisers. This year the AIC is running more adviser events than ever with fourteen workshops starting in May and five fund manager seminars starting in September.”