Property investment funds climbed the popularity ladder in November according to research from investment platform Cofunds.
In fact, the latest sales chart from Cofunds reveals that the property sector finished as the fourth highest selling sector in November, as property accounted for five out of the top 50 investment funds sold on the platform.
Outflows from property funds also slowed in November, causing them to secure seven per cent of net sales, in addition to jumping three places since October.
Cautious Managed funds remained in the top spot, taking close to a quarter of net sales, while corporate bond funds remained in second place.
Meanwhile, November was a good month for Global Emerging Markets and Asia Pacific, as fund sales for both sectors continued to grow.
Commenting, Michelle Woodburn, business development manager of fund managers at Cofunds said: "The story for November as previously predicted was the re-emergence and consolidation of the Property sector into the top selling funds chart.
"Despite Cautious Managed still attracting the majority of sales, November was also a great month for GEM and Asia Pacific, which in total accounted for an impressive 4-5 per cent of net sales.
Looking at 2010, Ms Woodburn predicts: "we expect to see Europe come into its own and maintain its net positive inflow."
© Fair Investment Company Ltd