Cash is key for Skandia investors

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Cash was the most popular investment for Skandia's Isa investors for the second month in a row in Ap...

Cash was the most popular investment for Skandia's Isa investors for the second month in a row in April. For the first time, cash was Skandia's best selling asset class for two consecutive months. M&G High Interest, an actively managed money market fund has also entered Skandia's top 10 Isa sellers for the first time. The fund was the fifth most popular destination of lump sum investments. Of the top 10 Isa lump sum sellers, Fidelity Special Situations, in third place, was the only non-income-generating vehicle. Fidelity Moneybuilder Income remains the most popular single fund choi...

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