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EDITIONS
Monday, 25 November, 2002, 17:22 GMT
Investors recover confidence
Confidence amongst stockmarket investors may be returning according to new figures from the Investment Management Association (IMA).

Sales of unit trusts and open-ended investment companies (OEICS) to private investors rose from 1.88bn in September to 2.14bn in October.

Investment ISA sales also picked up during the month rising to 385m from 375m the previous month.

In addition, banks and other financial institutions invested 620m into unit trusts during October, up from 148m the month prior.

The IMA attributed rising investment sales figures to investors recovering confidence after a bad September.

See also:

29 Jul 02 | Business
23 Jul 02 | Working Lunch
12 Jul 02 | Talking Point
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