European equity funds saw sales increase by 20% in the fourth quarter of last year, compared to the previous quarter, according to sales data from the Skandia platform.
Cash and property funds were the “big losers”, with sales plummeting 25% and 22%, respectively.
The data suggests investors are gaining confidence, moving away from the perceived safe havens of cash and property, favouring equity investments instead.
Skandia says investors looked to benefit from depressed prices as a result of the eurozone crisis last year. Emerging market equity funds also saw a 10% increase in sales, followed by managed multi asset funds, which saw sales rise by 9%).
Although UK equity and global specialist funds did not see any significant shift in volume in the fourth quarter, they remained the best selling equity funds, with 16% and 11% of sales, respectively.
With regards to individual funds, Skandia says equity income dominated the top ten with five funds, including the M&G Optimal Income fund in first place in the fourth quarter of last year.
©2013 funds europe
