Advisers have rushed to income-generating funds amid recent market turbulence, according to FundsNetwork sales figures.
The Fidelity Cash fund was top of the sales chart for the week 15-19 August, with Invesco Perpetual High Income, Jupiter Merlin Income Portfolio and M&G Optimal Income also featuring in the ten best selling funds. "What is apparent is in these turbulent times, advised investors are seeking income over growth," said Fidelity head of commercial Ed Dymott (pictured). "Inflation figures, low interest rates and uncertain growth projections have led investors to seek income generating funds." However amid the dash to cash, advisers remain divided between those seeking safe haven assets a...
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