Mixed Investment 20-60% shares was the most popular sector in July for the seventh consecutive month, according to sales data from Cofunds.
The sector accounted for 205% of net sales last month, followed by Targeted Absolute Return with 94% of net sales and the Property sectors which accounted for 67%.
Cofunds head of commercial Graham Venn said: "The requirement of Mixed Investment 20-60% shares to hold a mix of equities, fixed income and cash make this a popular sector for investors who want to spread and manage risk.
"With investors remaining cautious it's no surprise that this sector has remained at the top of the leaderboard for seven consecutive months. In addition, we saw the Property and Targeted Absolute Return sectors move up the table in July."
The Standard Life Investments Global Absolute Return Strategies fund was the best-selling fund in July, followed by the M&G Global Dividend fund and the Invesco Perpetual Distribution.
Cofunds net sales, July 2013
1 SL Inv Global Absolute Ret Strategy
2 M&G Global Dividend
3 Invesco Perpetual Distribution
4 Newton Global Higher Income
5 Cazenove UK Opportunities
6 Insight Absolute Insight
7 Henderson Cautious Managed
8 SEI Balanced
9 HSBC Open Global Distribution
10 Jupiter Merlin Income Portfolio
11 Newton Asian Income
12 Cazenove UK Smaller Companies
13 First State Gbl Emerging Mkts Lead
14 Threadneedle Global Equity Income
15 Jupiter Strategic Bond
16 Legal & General US Index
17 Threadneedle UK Equity Income
18 Legal & General European Index
19 SL Inv MyFolio Managed
20 JPM US Equity Income
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