The specialist sector has overtaken UK equity income as the top-selling sector across Isas, Sipps and onshore investment bond wrappers, says FundsNetwork.
UK equity income is now the second-best selling sector and UK all companies is third. The latest figures from the platform show the top 10 sectors demonstrate the popularity of property funds that launched over the last year.
The specialist sector rose from seventh to first over 2006, which Fundsnetwork says has been driven largely by property and natural resources funds.
UK smaller companies dropped out of the top 10, replaced by balanced managed, which Fundsnetwork says is probably due to the rise of multi-manager funds.
Fundsnetwork says a typical account now holds an average of four funds which it claims is proof that investors are looking to increase the diversity of their portfolios.
Head of Fundsnetwork Rob Fisher says the year should see the specialist sector continue to dominate, with UK equity income and multi-manager products likely to remain popular.
Fisher says: “The rise of the specialist sector seems to be connected to the fact that investors are taking advantage of the many property funds launched in the UK over the last year.”