Investors are flocking into cash funds, with Smith & Williamson Cash the top-selling vehicle on Cofun...
Investors are flocking into cash funds, with Smith & Williamson Cash the top-selling vehicle on Cofunds in September. Assets have surged to £260m from £80m after it was re-domiciled to Dublin to benefit UK taxpayers earlier this year. Turmoil in the stock markets has also pushed cash funds up in popularity as investors seek a secure place for their savings. S&W Cash was the top fund by net sales and third best selling by gross sales in September on the platform. Angus Duncan, head of distribution at S&W said “People are using the fund for what it has been designed for, a safe haven. ...
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