British unit trusts increased their investments over the fourth quarter of 2011 although closed-end vehicles pulled more money out, the latest government figures show.
The Office for National Statistics (ONS) says a net £11.9 billion was invested by unit trusts, including those investing in property, over the three-month period. This rose from £9.3 billion in the third quarter.
Investment companies, on the other hand, made a net disinvestment of £400m, following the £100m pulled in the quarter before.
Over the course of 2011, unit trusts made investments worth a net £40.3 billion, roughly the same as in each of the previous two years.
For investment companies, 2011’s net investment stands at £500m – matching 2010 and above the net disinvestment of £600m seen in 2009.