Simon Crinage is head of investment trusts at JPMorgan Asset Management
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Ian Sayers, chief executive of the AIC, says:
“In the wake of the FCA’s final post-RDR thematic review, it is very positive to hear that the RDR is working as intended. We’re encouraged to see that purchases of investment companies on platforms continue to increase year on year, and that purchases have more than doubled since the implementation of the RDR.”
TRUSTS: PLATFORMS
£441.2m
Purchases of investment trusts on platforms in the 12 months to September 2014, up 31% on the 12 months to September 2013
£110.4m
Amount of platform purchases of investment trusts reached in the third quarter of 2014, up 14% on the same period a year earlier
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