Leading discount broker Willis Owen (www.willisowen.com) responds to the latest fund statistics from the Investment Management Association (IMA), which show net retail sales down in July and a net outflow from ISAs.
Edward Johnson, Head of discount broker Willis Owen, said:
"These figures are certainly not reflected among our retail investors. Many of our clients have said they have seen the last few months as real buying opportunities as they can purchase units at what they see as cut price.
"In fact, our investment levels were up in July from earlier in the year and August has been another popular month. With the activity and volatility in the market it is certainly not the case that investors have gone away after May this year.
"Our investors have also continued to choose adventurous or income funds, in contrast to many who sought a safer haven in bond funds."
Willis Owen's top five sectors for July 2011:
North America
UK Equity Income
Specialist
UK Smaller Companies
Global
Willis Owen's top five selling funds for July 2011:
Aberdeen American Equity Fund
Invesco Perpetual High Income Fund
Artemis Income Fund
Standard Life UK Smaller Companies Fund Invesco Perpetual Corporate Bond Fund
Key facts about Willis Owen services:
* Access to over 1500 funds from more than 90 leading investment houses
* Ability to invest within an ISA wrapper, a Unit Trust or an Open Ended Investment Company
* Standard Initial charges generally between 0 and 0.5% - more than half of the funds have 0% initial charge
* Free ISA transfer service
* Free investment check-up service
* Access to an ISA Cash Reserve fund to park your money before you invest
* Annual ISA guide
* Investor Support Desk where you can speak to a real person not a computer, for friendly, helpful guidance 24 hours a day, seven days a week
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