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Cash funds a popular option

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11/02/2008

Cash funds dominated fund flows in 2007, according to Barclays Stockbrokers.

Money market funds accounted for 39% of assets invested in 2007, with investment in cash funds accelerating in the second half of the year. According to Barclays Stockbrokers, much of this can be attributed to the market volatility that rounded off the end of last year.

High ranking specialist sectors included JP Morgan Natural Resources and Blackrock Merrill Lynch Gold & General, placed fourth and fifth respectively by assets invested.

Amy Nauiokas, spokesperson for Barclays Stockbrokers, said: “Last year was a mixed year for funds investors, at the start of the year we experienced strong sales for income and growth funds but as the markets experienced volatility from the third quarter onwards, investors started moving into more cautious funds.”

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