Barclays Stockbrokers have announced a double in fund investments year on year.
Recent months have seen renewed investor confidence in funds as figures from Barclays Stockbrokers reveal record fund trading volumes.
According to their quarterly statement there were twice as many fund investments between January and March this year compared with the same time last year.
April 2010 alone saw the highest single funds trading month on record.
Interest in Emerging Markets has also been prominent in fund investments so far this year, with half of the top ten traded funds focusing on this theme. The Aberdeen Emerging Markets fund was the most popular fund in April 2010, attracting seven per cent of all investments.
Barbara-Ann King, Head of Investments at Barclays Stockbrokers, believes the good results are partly due to Barclay’s reducing their maximum initial charge on Funds Market funds from 1.5 per cent to 0.5 per cent
“This year we have seen positive sentiment from our clients, and many are focusing on funds as their investment of choice as market confidence returns. Our figures reveal fund investments in Q1 2010 more than doubled compared to the same period last year - suggesting not only a renewed confidence in the markets, but that clients are taking full advantage of Barclays Stockbrokers' reduction in the maximum initial charge on our Funds Market funds .
“The popularity of Emerging Markets also continues; fund investments in this sector accounted half of our top ten traded funds as our clients continue to look far and wide to achieve their desired investment goals. However, it will be interesting to see how investors react as volatility has heightened again over the last few weeks.”
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