Customers view stock market volatility as an ideal time to invest in equities
Alliance Trust Savings, a leading UK financial services provider, announced record equity dealing activity on Friday 5 August 2011. The record breaking day saw unprecedented dealing volumes, which were up 61% against the previous recorded high on 15 March 2011.
Of all the trades placed on Friday 5 August, 71% were ‘buy' orders confirming that Alliance Trust Savings investors are viewing recent market volatility as an opportunity to buy and are keeping a positive outlook on equity investing.
The exceptionally high trading volumes were seen by Alliance Trust Savings which provides dealing services to its Self Invested Personal Pension (SIPP), Stocks and Shares ISA and Investment Dealing Account customers.
Steve Latto, Head of Pensions at Alliance Trust Savings commented:
"When markets are falling it can be difficult for individuals to keep a long term outlook on their investments. Many of our customers are showing confidence in the long term value of equities despite current market volatility.
"Alliance Trust Savings is currently offering customers access to all UK listed equities and recently we have added international equities to our offering, providing customers an even greater choice of companies to invest in."
Alliance Trust Savings offers a wide variety of investments through its ‘i.nvest' platform such as; UK listed equities, International equities, bonds, unit trusts, OEICs and exchange traded funds. Dealing charges range from £6.25 to £12.50 for those who trade online and international equities can be bought over the phone from £40.
For individuals interested in opening a dealing account, Alliance Trust Savings are currently offering new Investment Dealing Account customers two free trades if they open an account before the 30 September, with trades needing to be used by 31 October. New Select SIPP customers will have their annual administration charge waived until February 2012 and there is an added bonus that all transfers in received from new customers by 30 September 2011 will have the standard transfer in fee of £50+VAT waived*.
Important Notes and Risk Warnings:
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An individual may lose valuable benefits when transferring a pension scheme. If unsure an individual should always seek professional advice.
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The value of your investments and the income from them can go down as well as up. You may not get back all the funds that you invest.
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In addition where the investment is denominated in a foreign currency, the value of your investment and any income may rise or fall as a result of fluctuations in the underlying currency.
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Tax rules may change in the future and taxation will depend on your personal circumstances.
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