This is the first time the sector has topped the rankings in over two years.
Meanwhile sales of corporate bond funds turned negative in October, with the £ corporate bond sector witnessing a £11m outflow of funds. Until September the sector had been the most popular among British retail investors for 10 consecutive months.
The UK all companies sector also saw an £14m outflow, which is a turnaround of the £93m of inflows the peer group saw in October.
Property funds saw a net inflow of £367.5m for the month, a rise from the £345m of inflows in September. The unclassified sector was the second most popular peer group, with a net inflow of £258m, with absolute return UK third with inflows of £232.5m. In September the absolute return sector was the most popular peer group, with a net inflow of £442m.
The European smaller companies sector was the least popular peer group in October, seeing £37m of redemptions.
Retail sales fell from £2.77bn to £2.37bn, although this is now the seventh month in a row retail sales have topped the £2bn mark. Total funds under managements fell from £463.7bn to £459.5bn over the month, while total net sales fell from £3.75bn in September to £1.93bn in October.