With the price of gold rising by more than $200 over the past year, retail investors have begun to flock to the booming commodity.
According to March figures from Skandia’s MultiFUNDS platform, BlackRock’s Gold & General fund jumped five places to three in the top 10 ISA sales list.
Top spot was M&G’s High Interest fund, despite falling demand for fixed income offerings.
Invesco Perpetual retained its position as the most popular fund group, with four vehicles on the list.
Top ten ISA sales on MultiFUNDS for March:
- M&G High Interest
- Invesco Perpetual High Income
- Black Rock ML Gold & General
- Invesco Perpetual Corporate Bond
- JPM Natural Resources
- JPM Cautious Total Return
- Invesco Perpetual Monthly Income Plus
- Allianz RCM BRIC Stars
- Invesco Perpetual Income
- Neptune Balanced
Skandia UK investment marketing head Graham Bentley says the top ten shows a spread of asset classes.
“Investment is not about fads; it is about sensible investment strategies utilising the range of asset classes available,” he says.
“Advisers today can use risk profiling and asset allocation tools to ensure their clients’ portfolios are risk-managed and have the right balance between those various assets.”
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