Mixed asset funds favoured as FundsNetwork investors remain risk-averse

IA Mixed Investment 40-85% was the leading sector for the second month in a row, followed by Volatility Managed and Mixed Investment 20-60%. The IA Global sector climbed to fourth place with Europe ex UK in fifth position for the second month. At fund level, CF Lindsell Train UK Equity and Fundsmith Equity were first and second by adviser sales respectively, and maintained those top two spots according to ISA sales, yet in reverse order. Paul Richards, head of sales at FundsNetwork, said: "March's data indicates that as advisers approached the end of the tax year, they were becomin...