The UK is the most popular home for Isa investors this tax year, with 42 per cent investing domestically and 15 per cent choosing Europe, according to Jupiter.
From a sector viewpoint, income funds were selected by 21 per cent of its investors, with financials the second most popular sector, chosen by 11 per cent. Pharmaceuticals attracted 9 per cent of investors, corporate bonds saw 7 per cent take-up and technology was favoured by 5 per cent.
With two months to go to this year's Isa deadline, 34 per cent of investors have yet to decide where to put their money. Of these, two-thirds said they would seek advice before investing.
Jupiter surveyed 758 of its investors at the end of December 2002.
Joint managing director Gordon Davidson says: “With investors notably more cautious this Isa season, it is no surprise that income funds should be the first port of call for so many. While we believe there could well be a strong growth story this year, albeit among carefully selected stocks, Jupiter is in a prime position to offer investors seeking income a suite of funds that have outperformed, including our innovative, tax-efficient distribution fund.”