Strong Tax Year End for Barclays Stockbrokers as Fund Sales Soar

28 May 2012

  • March 2012 saw 138% increase in net inflow to funds vs previous month
  • 28% increase in SIPP account openings in lead up to tax year end 2012* vs 2011
  • Investors choose funds with exposure to emerging markets and Asia in 2012

Following the launch of its enhanced Funds Market offering and high volumes of client activity, Barclays Stockbrokers reveals it experienced a strong first quarter of 2012 and in particular the period leading up to the end of the tax year. The UK’s largest execution-only retail broker saw an increase of 138% in net fund inflows from clients and a 25% increase in funds assets invested in March compared to February 2012.

Barclays Stockbrokers clients also made the most of the tax efficient benefits on offer for their investments, resulting in a 28% increase in SIPP account openings in the tax year end period* and a 43% increase in asset inflows into SIPP accounts compared with the same period in 2011.

Across the tax year end period, 33% of investments into funds were made in an ISA tax wrapper. Barclays Stockbrokers also saw strong trading activity by clients in the first three months of 2012 with 56% of trades in equities being purchases.

The enhanced Funds Market offering has been well received by clients - the number of fund deals made by Barclays Stockbrokers clients in March increased by 49% compared to the previous month, with investor fund purchases at 66% - up nine per cent month on month. Of all funds purchased by clients in March 2012, emerging markets and Asian funds dominated the top three, with the most popular fund being Aberdeen Emerging Markets, which was also the top fund of choice throughout Q1 2012. First State Global Emerging Markets Leaders took the second spot, followed by the Newton Asian Fund in third.

Alastair Thaw, Head of Investor Product at Barclays Stockbrokers, said: “We have had a strong start to the year across the breadth of our offering, and it’s been great to see investors have been seeking long term investment opportunities whilst taking advantage of their tax efficient allowances. We have combined our experience and expertise in stock broking with an expanded and improved fund offering in a single place, meaning our clients have a choice of the widest range of funds which they can access with ease and at exceptionally competitive prices.

“The increase in net fund inflows throughout March demonstrates how our DIY investors have been taking advantage of this offering in the run up to tax year end. In addition to the warm reception of our clients, we are pleased to see that independent third parties such as Which? magazine and Investor Bee** are also recognising the value of our investment offering which is reflected in recently published competitor rankings.”

Barclays Stockbrokers collaboration with Fidelity FundsNetwork provides investors with a wide choice of funds, with investors now having access to around 2500 funds from over 90 providers, with no initial charges. Investors may also qualify for a 2012 loyalty cash bonus and have access to extensive funds research and factsheets including the Citywire Selection which provides independent insight from investment experts.

* Period of 1st Jan 2012 to 5th April 2012

**As noted in Which? Magazine, May 2012 and InvestorBee online, 22 March 2012

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