Corp Bond funds ruled in FundsNetwork '09 ISA sales

According to data from the platform, it was the most popular IMA sector for ISA customers from the start of the year to 5 April, accounting for around 18% of the total. UK Equity Income came second with a little under 14%, followed by Cautious Managed with 11%. The top-selling fund was Fidelity's ISA Cash Park, with Invesco Perpetual High Income and Invesco Perpetual Corporate Bond to follow. Fidelity International head of UK retail sales Peter Hicks says the popularity of UK Equity Income followed the pattern of interest rates collapsing, forcing investors to seek income from elsewhe...