The UK Equity Income sector was second only to the Global Equity sector in sales, with net retail sales of £211 million in the month, its highest level since May 2007.
Meanwhile UK All Companies was the fifth highest selling sector, with net sales of £142 million, its highest level of sales since December 2010.
Both sectors made significant gains up the sales rankings, with UK Equity Income moving from 23rd place in July to second in August and the UK All Companies jumping from last place to fifth.
The data demonstrates a trend of UK investors bringing their money home in times of trouble and suggests investors’ perception of the UK is one of a relative safe haven.
Lee Robertson, CEO at Investment Quorum, said: "UK investors are bringing their risk home, there’s a sense that in times of turmoil people turn to what they know."
Elsewhere, a boost in Global Equity fund sales took the sector into pole position from 10th place in July, an indication that investors are looking to diversify their equity exposure as market uncertainty continues.
But despite the turmoil experienced over the summer, and in contrast to July’s outflow, equities was the highest selling asset class in August, with net retail sales of £515 million.
This was below the monthly average of £606 million for the previous 12 months, however.
In contrast, bond fund sales were at their lowest level since January 2011, at £108 million, well below their monthly average of £495 million for the previous 12 months.
But net sales of ISAs were concentrated in Bond and Balanced funds, indicating ISA investors were more cautious than non-ISA investors.
