UK Money Market funds swung back in favour in May as investors looked to shelter money amid the ongoing eurozone debt crisis, according to figures from FundsNetwork.
Income funds dominated sales on FundsNetwork last month, with Fidelity MoneyBuilder Income top of the sales chart and Invesco Perpetual High Income, M&G Optimal Income and Jupiter Merlin Income Portfolio all featuring in the top five. The UK Money Market sector returned to the top ten sector chart to grab eighth spot, with UK Corporate Bond, UK Equity Income and UK Strategic Bond in second, third and fourth positions respectively. Mixed Investment 20-60% Shares was the best-selling sector. "With the market turbulence and the uncertainty that has surrounded the Eurozone and Greece, ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes