Investors 'following the money' to overseas equities

According to the latest findings from Skandia's Investment Trends study, sales of cash funds via its platform dropped 13% during the year, while money going into UK fixed interest funds declined 15%. The move away from cash funds - which accounted for just 7% of sales in the final quarter of 2010 - is even more pronounced over two years, with sales falling 60% since their 2008 peak when they accounted for 16% of the spoils. With cash becoming less attractive, investors shifted their focus to overseas equities - particularly emerging markets and global specialist funds. Skandia says...