Summary
IT WAS once a case of the disappearing GBP 25 billion. But investment markets have enjoyed a remarkable recovery. If confirmation were needed, it came this week: investment is back in vogue. Investors have been flocking back to the world's financial markets in their thousands - and the best is yet to come, experts claim.
Net sales of retail investment funds almost doubled last year, figures from the Investment Management Association (IMA) show. Sales soared 73.5 per cent to GBP 8.5bn - a huge improvement on the GBP 4.9bn invested during 2004 - and their highest levels since 2001 (see graphic right).See the full content of this document
Extract
Retail Saving Is Back in Fashion
Whether the revival has been shared by the with-profits sector remains to be seen. It saw new premium income crash to just GBP 1.5bn in 2004 from GBP 14.9bn three years earlier. But, although full data for 2005 is not available for another month, any sort of upturn appears unlikely.
With new business for the first three quarters of 2005 coming in at under GBP 700 million, the...See the full content of this document
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