Three cash funds appeared in Cofunds top 50 best-selling funds last month reflecting increasing adviser concerns about market volatility.
Threadneedle UK money securities, Legal & General cash trust and M&G high interest all appear on the list, which has been much changed in the light of the recent market volatility.
Investor interest in property funds has slumped with only four in the top 50, although New Star international property fund continues to enjoy strong demand, being the second best seller.
Bond funds have also grown in popularity with both the Old Mutual corporate bond and Artemis strategic bond funds moving into the top 20. This is a marked increase from July when the Old Mutual vehicle was the best-selling bond at number 25 on the list.
Cofunds communications consultant Richard Eats says the sales figures show three distinct trends.
He says: “The most obvious thing to note is the three cash funds reflecting the conservatism in the current market while property has fallen back following the stem of inflows into the sector. By the same token, we have also seen some people looking to take advantage of opportunities in the market, with China and Asia Pacific vehicles becoming more prominent.”
Equity income continues to dominate sales on the platform, with Neil Woodford’s Invesco Perpetual high-income fund topping a list which saw seven income funds in the top 10.