Alliance Trust Archives

Soft ISA sales and sluggish Q218 for platforms

20 Aug Sluggish ISA sales and soft Q218 for platforms

Posted at 07:00h in

After significant falls in Q1, stock markets began to level out at the end of March... just in time for the last two weeks of the ISA season. By the close of Q218, the UK stock market had recovered most of its lost ground, with the FTSE 100 and FTSE All Share rebounding by 8% and performing better than most major stock markets in Q2.

15 Aug Platforms sales drop to two year lows post-brexit

Posted at 20:47h in

Platforms have reported their lowest net sales since 2014 in Q2 as investors cashed out...

15 Aug Platforms sales slip to lowest level in two years

Posted at 10:27h in

Lowest level in two years, as investors decided to take shelter in cash and safe...

15 Aug Pensions save the day for platforms (Q216 results)

Posted at 09:33h in

The first half of 2016 was challenging for fund groups and platforms alike. The stock market correction eased up as the second quarter began — in time for last-minute ISA activity — but Brexit scared off many investors who chose to hold off until after the referendum. Only pension flows broadly maintained their momentum. According to the Fundscape Platform Report, as a result of investors switching and taking shelter in cash and safe products, gross flows for the quarter swelled to £24bn (£22bn in Q116), but net sales fell to £9.57bn (£9.6bn in Q116), the lowest total since Q3 2014 (£8.8bn). Bella Caridade-Ferreira, CEO of Fundscape, said “Investors lost their nerve in the final weeks before the Brexit vote and cashed out. Platforms without decent cash facilities would have felt the pain more keenly.”