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Isa investors opting for UK income sector

Investors are continuing to show confidence in UK funds, with an increasing preference for income over pure equity growth Isa investments, according to figures from Cofunds.

Cofunds&#39 Isa sales figures for April and May show that 16 of the top 20 funds bought on the platform come from UK sectors.

Credit Suisse income was the outright best-selling fund, followed by Liontrust first income, HSBC UK growth and income, Aberdeen fixed interest and Artemis UK smaller companies.

Next most popular were ABN Amro UK smaller companies, Gartmore European selected opportunities, Credit Suisse monthly income and Framlington health.

Cofunds sales and marketing director Rodney Aldridge says: “The key indicator from this data is that, where IFAs are recommending their clients to invest in Isas, they are pointing them towards the home market. People are most comfortable with their domestic market.

“People who do not necessarily need income now are preferring income funds, along with fixed-interest funds, because they believe income-generating equities are giving a better return in growth terms than pure equity growth funds in the present environment.”

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