Cash popular as Isa investors reluctant to commit

Asset class proves popular across three major platforms, with other investors tending to pick funds from opposite ends of the risk spectrum

Cash proved to be the asset class of choice in the run up to this year's Isa deadline. Three of the UK's platforms reported that although investors were keen to get their tax-free allowance, many struggled to decide where to place it. Cofunds said that if its Cash Reserve account were a fund, it would have been among the top sellers for the season. This facility even outsold Invesco Perpetual favourites Income and High Income, run by Neil Woodford, which were once again popular across platforms. Elsewhere, FundsNetwork saw inflows of £2m a day into Isa Cash Park, amounting to £27m o...