UK Money Market funds swung back in to favour in May as investors looked to shelter money amid the ongoing eurozone debt crisis.
Figures from FundsNetwork showed income funds dominated sales on the platform last month, with Fidelity MoneyBuilder Income top of the sales chart and Invesco Perpetual High Income, M&G Optimal Income and Jupiter Merlin Income Portfolio all featuring in the top five. The UK Money Market sector returned to the top ten sector chart to grab eighth spot, with UK Corporate Bond, UK Equity Income and UK Strategic Bond in second, third and fourth positions respectively. Mixed Investment 20-60% Shares was the best-selling sector. "With the market turbulence and the uncertainty that has sur...
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