The property sector grew in popularity with investors in January, according to independent investment platform Cofunds, as Cautious Managed funds continued to dominate.
Last month investments in property related funds accounted for almost nine per cent of net sales at Cofunds as the M&G Property Portfolio and SWIP Property fund entered the top 20 selling funds in eleventh and thirteenth place respectively.
Meanwhile, the Henderson Multi Manager Income & Growth fund picked up where it left off last year to retain its place as the best selling fund in January, while the Thames River Distribution fund held on to second place.
According to the latest findings, Cautious Managed funds maintained their dominant position as the best selling asset class, accounting for almost a third of net sales, as Corporate Bond fund sales fell by five per cent since the last quarter of 2009 to nine per cent.
Commenting, Michelle Woodburn, business development manager at Cofunds, welcomed the success of the property sector claiming it was a "great result for a sector that is traditionally a non-core holding".
Attributing the maintained dominance of Cautious Managed funds as the key factor behind falling sales in Corporate Bond funds, she added: "Along with Corporate Bonds, Europe, UK Small Cap and Gilts did not see great sales figures in January with these three sectors suffering from small net outflow."
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