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Offset against this were outflows worth 633 million from UK-focused equity funds, while investors also dumped 229 million from Asia-Pacific funds. Calastone said investors channelled 2.54 billion into North American equity funds last month. Other sectors with significant inflows included European equities (363 million) and the fixed income sector (329 million). Calastone said the main reason for the upsurge in investor interest was the strong rally in the US market since last autumn. According to the Treasury, the proposed ISA “will provide individual investors with an additional opportunity to save whilst supporting investment in the UK and benefiting from its growth”. The company says a minimum of 1 can be used to open an account with the wider aim being to attract long-term investors.