Investors flood the markets

Private investors in the UK have been pouring money into stock market investments claims the Investment Management Association (IMA).

IMA figures claim that 68 per cent more cash has been placed in managed funds of funds during the first three months of 2006 than the same time period of last year.

Some £921 million was placed into funds during the first quarter of 2006, compared to £376 million during the first three months of 2005.

Money inversted in stock market tracker funds increased by 46 per cent to £24 billion and ethical funds increased by 30 per cent to £4.4 billion.

"At almost £900 million, net retail sales of funds of funds reached an all time record level in the first quarter," said IMA chief executive Richard Saunders.

"They continue to increase in popularity and are now running at about 20 per cent of all fund sales.

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