Cautious Managed continues to reign in Q1
Cautious Managed has continued to dominate the sales charts, accounting for nearly a third (32.3%) of net sales according to the Q1 sales trends from Cofunds, the independent platform for financial planning.
While Q1 2010 saw Cautious Managed remain a favourite of advisers, Corporate bonds dropped to only taking 6% of net sales, a considerable fall compared to the 39% it accounted for in this period last year (Q1 2009).
Global growth had a positive quarter, making significant headway and attracting 6.4% of net sales, compared to 3.7% last quarter. The predominant funds in this sector were Newton Global High Income fund and M&G Global Basics which were the 7th and 12th highest selling funds respectively.
Michelle Woodburn, Manager, Fund Group Relations at Cofunds said: “It is a testament to Cautious Managed’s popularity that it has now held the top spot for the last two quarters. Global growth is definitely a sector to keep an eye on having had a great first quarter as the 5th highest selling sector. This sector seems geared to carry on in the same vein and we could see more funds flowing into this sector.”
|Q1 2010 Net Sales|
|1||Henderson MM Income & Growth|
|2||Thames River Distribution|
|3||Jupiter Merlin Income Portfolio|
|4||M&G Optimal Income|
|6||Thames River Cautious Managed|
|7||Newton Global Higher Income|
|8||SWIP Multi-Manager Diversity|
|9||Standard Life Investments Global Absolute Return Strategy|
|10||Invesco Perpetual Monthly Income|
|11||Henderson Strategic Bond|
|12||Henderson MM Growth|
|13||M&G Property Portfolio|
|14||M&G Global Basics|
|15||Legal & General Dynamic Bond|
|16||Invesco Perpetual Distribution|
|17||First State Asia Pacific Leaders|
|20||Aberdeen MM Cautious Managed|