Caution prevails as cash slips

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Investor risk aversion is eroding, judging by Skandia's May Isa sales figures. Cash, the most popula...

Investor risk aversion is eroding, judging by Skandia's May Isa sales figures. Cash, the most popular Isa investment for lump-sum investors in April, slipped to fourth in May. However, for the year to date cash remains the best-selling Isa asset class. Caution is still the watchword, with UK corporate bond portfolios making up two of last month's top-three sellers. Fidelity Moneybuilder Income was the most popular destination for May's Skandia lump-sum Isa inflows, followed by Fidelity Special Situations and Invesco Perpetual Corporate Bond. The rest of the top 10 was dominated by inco...

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