Equity proved the best-selling asset class in February for the for the fourth month running, but retail investors are cashing out of North America and Asia at record pace.
According to the latest figures from the Investment Management Association (IMA), investors pulled a record £290 million out of North American equity funds over the month and £260 million out of Asia.
UK All Companies funds saw the highest inflows at £371 million with property the next most popular, attracting £298 million- the sector’s highest monthly sales since January 2010.
Targeted Absolute Return, Global Equity Income and Sterling Strategic Bond made up the remainder of the top five selling sectors.
Overall, equities saw net retail sales of £681 million with the industry drawing in £1.8 billion of net retail sales overall, up from £1.4 billion year-on-year.
IMA chief executive Daniel Godfrey (pictured) said: 'Strong fund sales continued in the second month of 2014 with investors continuing to favour equity funds. UK equity funds in particular are seeing the best net retail sales for some time.
'However, looking at the top five best-selling IMA sectors, investors also invested significantly into property, fixed income and targeted absolute return funds.'