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Gold rush on Isas

Gold funds made a dash to the top of the Isa sales on Skandia MultiFunds platform last month as the Isa season reaches its climax.

BlackRock ML gold and general was the third best seller in March, while JPM natural resources was fifth on the list.

Invesco has again come out as the best-selling company on the list with four names on the top-ten. However, the group did lose top spot with Neil Woodford’s high income vehicle swapping places M&G high interest, despite a fall in fixed interest demand in general.

Skandia UK head of investment marketing Graham Bentley says: “Although fixed interest has been a steady theme in the first quarter of this year, this month’s top ten is continuing to show a real spread of asset classes. This includes funds focusing on natural resources, the BRIC economies and the commodity which has received so much attention of late: Gold.”

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