Investor shift to money market funds rewarded

The biggest movement in or out of a sector in July was in the UK Money Market category with a 28% increase in shares of sales through Fidelity FundsNetwork compared to June. Investors who made the move will have reaped the rewards as the Money Market sector was the third best performing sector in July, although up a marginal 0.2%. UK gilts topped the table up a meager 2.27% while UK Corporate Bonds rose 0.59%. All the other sectors were in negative territory with North America the best performing equity sector down 0.27% over the month. The Top 10 best selling IMA sectors through Fi...