Willis Owen says FTSE performance encouraging early tax year investing as it reveals 2013’s best sellers

8th May 2013

Discount broker Willis Owen has reported strong Isa sales continuing into the beginning of the new tax year. The firm says Isa sales in April 2013 were up 49% on April last year. In addition, Willis Owen sales during the last five days of last ISA season were up 39% on the previous year.

The firm has conducted research with YouGov showing that the majority of retail investors plan to match or beat their 2012 activity in 2013. The driver appears to be the improved situation on the FTSE.

Managing director Jason Chapman says: “It’s encouraging to see so many people prepared to make the most of their tax-free allowance. Nationally though, IMA stats suggest people are still making withdrawals from their ISA pots. This is understandable given the economic climate, but this is one of the few remaining tax breaks open to everyone and we’d urge investors to do all they can to secure it.

“This year, the Isa allowance has increased to £11,520. To make the most of this tax-free benefit, investors who make payments via regular direct debits mustn’t forget to adjust their payments. But the most important thing is to take advantage of the new allowance as soon as possible and not leave it until the end of the tax year. If investors don’t have a lump sum to invest then drip feeding money into the market is a great way to build up the savings pot.”

The firm has also listed its best selling funds and sectors in 2013 so far.

 Top selling funds so far in 2013

Fund
Invesco Perpetual Income Fund
Jupiter Merlin Growth Portfolio
Cash Reserve
Newton Global Higher Income R Fund
Fidelity Moneybuilder Income A Fund
Invesco Perpetual High Income Fund
Threadneedle High Yield Bond 1 Fund
Artemis Income Fund
Henderson Global Technology A Fund
Schroder Asian Alpha Plus A Fund

Top selling sectors so far in 2013

IMA Sector
UK Equity Income
Flexible Investment
£ Corporate Bond
UK All Companies
Global Equity Income

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