It would appear that Individual Savings Accounts came back into favour, just before the end of the tax year. Many had predicted tough times for ISA's, especially with the Government's proposals to cut their tax efficiency.
According to the Investment Managers Association, £210m was invested in ISAs during February this year, compared with £184m in January. That's a rise of 14%.
Our View
The figures released showed that investing in UK based equities was favourite amongst those investing. In our view, the UK does represent possibilities for solid growth over the next few years, as do other markets in Europe and further a-field. Investing in the UK is a popular choice for UK investors because they have at least some knowledge of the UK economy and are obviously trying to make a decent profit!