Almost one million (965,000) people planned to invest more in equity Isas in the final two weeks of the tax year, according to new research by Schroders.
The global asset manager estimates that £13bn had already been placed in these tax-friendly investment vehicles for the 2010-2011 tax year.
Schroders says that the volume of money going into stocks and shares Isas is indicative of the poor rates of return currently available on cash deposits, coupled with the Government's decision to increase Isa savings allowances to £10,200 for 2010/2011.
And according to broker Selftrade, investors have shaken up the consistent set of stocks which were most bought in the last few months.
BP and Lloyds Banking have been at the top of the most traded list for the past eleven months, with extremely high number of trades in BP following the Gulf oil spill pushing BP into the top spot for four months running.
However, 2011 has seen investors start to introduce new areas to their portfolios, with a new entrant - gas and oil company Range Resources - jumping to second place in the top ten most bought in February, following ongoing global concerns over energy prices and supply.
With the 2011 Isa season drawing to a close, investors have also taken a renewed interest in Tesco, which jumped from tenth most traded stock in December 2010 to the most bought stock in January 2011, following Christmas trading results.
New entrants from the commodities sector show this continues to be a popular choice with investors.'
But remember when it comes to a top traded stocks list, for every buyer there is a seller and just because it is being traded does not mean it is an investment winner.
We bring you the most traded shares of the past three months:
Lloyds is seen as a good bet by investors
Top ten Isa bought shares February 2011
Position
Company
Source: Selftrade
1.
Lloyds Banking
2.
Range Resources
3.
BP
4.
GlaxoSmithKline
5.
Royal Bank of Scotland
6.
Tesco
7.
Aviva
8.
Vodafone Group
9.
Cadogen Petroleum
10.
Xstrata
BUY, SELL, HOLD
There are currently 15 broker(s) tracking this stock. The results are:
STRONG BUY: 0
BUY: 9
HOLD : 3
SELL: 3
STRONG SELL: 0
UPDATED: 13/04/2011 07:55 pm
DISCUSS YOUR SHARES
LIVE PRICES
Latest prices for LLOY - updated every 2 mins subject to a 15 min delay
OFFER (Buy): 61.5p
BID (Sell): 60.43p
MID PRICE: 60.965p
CHANGE TODAY: .36p
PREVIOUS CLOSE: 60.32p
UPDATED: 13/04/2011 07:50 pm
FULL DETAIL
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Renewed interest in Tesco in the New Year
Top ten Isa bought shares January 2011
Position
Company
Source: Selftrade
1.
Tesco
2.
BP
3.
Lloyds Banking
4.
GlaxoSmithKline
5.
Aviva
6.
National Grid
7.
Arian Silver Corp
8.
Vodafone Group
9.
ARM Holding
10.
Royal Bank of Scotland
BUY, SELL, HOLD
There are currently 11 broker(s) tracking this stock. The results are:
STRONG BUY: 0
BUY: 8
HOLD : 2
SELL: 1
STRONG SELL: 0
UPDATED: 13/04/2011 07:55 pm
DISCUSS YOUR SHARES
LIVE PRICES
Latest prices for TSCO - updated every 2 mins subject to a 15 min delay
OFFER (Buy): 409.35p
BID (Sell): 398p
MID PRICE: 403.675p
CHANGE TODAY: 7.95p
PREVIOUS CLOSE: 398.05p
UPDATED: 13/04/2011 07:50 pm
FULL DETAIL
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BP tops the charts in December 2010
Top ten Isa bought shares December 2010
Position
Company
Source: Selftrade
1.
BP
2.
Royal Bank of Scotland
3.
Barclays
4.
National Grid
5.
Aviva
6.
Lloyds Banking
7.
Vodafone Group
8.
GlaxoSmithKline
9.
Scottish & Southern Energy
10.
Tesco
BUY, SELL, HOLD
There are currently 14 broker(s) tracking this stock. The results are:
STRONG BUY: 0
BUY: 7
HOLD : 6
SELL: 1
STRONG SELL: 0
UPDATED: 13/04/2011 07:55 pm
DISCUSS YOUR SHARES
LIVE PRICES
Latest prices for BP. - updated every 2 mins subject to a 15 min delay
OFFER (Buy): 470p
BID (Sell): 462p
MID PRICE: 466p
CHANGE TODAY: 2.85p
PREVIOUS CLOSE: 461.35p
UPDATED: 13/04/2011 07:50 pm
FULL DETAIL
The graph below shows the top ten share sectors that were bought into since April last year.
The beginning of the 2010/11 tax year was dominated by the BP oil spill, reflected in trading behaviour in the oil and gas sector.
Banking stocks remained the most popular overall since April 2010, but increases in other sectors including technology and mining has seen its popularity decline at the start of 2011.
Stephen Barber, who advises Selftrade on markets and economics, said: 'Investors using up their ISA allowances are taking a closer look at their portfolios and broadening their options beyond the same four stocks which dominated trading last year.
'New entrants from the commodities sector show this continues to be a popular choice with investors.'
What stocks are you placing in your portfolio before the deadline? Let us know below...
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