A survey by the Irish Association of Investment Managers shows that over £1.5bn was invested by Irish private investors through its members last year.
This figure excludes pension fund investments. The value of investment funds grew by 15% to just over £13.4bn, according to the survey, but the growth in net flows was virtually static.
The IAIM Annual Retail Investment Funds Survey covers all investments managed by IAIM members and includes unit and with profit funds, tracker bonds and SIAs.
The IAIM says the return on the average managed fund in the five years to the end of 2000 was 13% a year.
Noel Minogue of the IAIM's Retail Funds Committee low interest rates, tax incentives, increasing wealth and the Government's new savings scheme should contribute to continued growth this year.
