Skandia sees fixed interest and cash spike

Sales of UK fixed interest on the Skandia platform rose 7% in Q2 and 18% compared to the same period last year. The sector now accounts for nearly a quarter of sales on the platform. Cash funds saw a 28% increase in sales from the previous quarter, with an increase of over 100% from Q2 2011. Investments into European Equity funds dropped by 14% this quarter compared to the last, with sales of UK Equity funds also falling by 12%, relegating it to the third most popular sector behind the Managed sector. Other sectors to experience significant decreases in sales were Emerging Marke...