FundsNetwork ISA sales up 37pc

The fund supermarket said the increase supported a recent IMA finding that online business through platforms was the main channel for sales of the accounts. The platform has also published the ten most popular fund sectors this year. UK Equity Income takes the top spot as investors move to defensive areas. The Specialist sector was second, within which property funds are likely to have been the driving force. UK Smaller Companies was tenth, also reflecting the increased caution among advisers as volatility rears its head. Rob Fisher, head of sales and marketing for FundsNetwork, said: ...