Double digit growth for cash funds

although not normally seen as a racy asset class, the average cash fund has increased 14.35% over the past three years on a bid-to-bid basis

Cash funds are normally seen as one of the less racy areas of the market in which to invest, but few other asset classes have produced double-digit growth over the past three years. Of the 33 cash funds with three year track records, all but one has delivered a double digit return, with the average up 14.35% over the three years to the end of September on a bid to bid basis. Perhaps seen in the past as a temporary haven in a stock market storm, cash Isas have undoubtedly increased in popularity, mirroring the widely held negative investor sentiment on equities. Money market funds ar...