Advisers seek income in January
Income funds dominated the top selling table in January with 11 out of the top 20 funds providing income according to the latest sales trends figures from Cofunds, the leading independent platform for financial planning.
Spanning across UK Equity Income, Cautious Managed and Global Growth sectors, these income funds topped the sales chart. The highest selling income funds were Jupiter Merlin Income and Henderson Multi Manager Income & Growth, placing second and third respectively (see table below).
|January 2011 Net Sales|
|1||Standard Life Investments Global Absolute Return Strategy|
|2||Jupiter Merlin Income Portfolio|
|3||Henderson MM Income & Growth|
|4||Thames River Distribution|
|5||Jupiter Merlin Balanced Portfolio|
|6||Henderson MM Distribution|
|7||Newton Global Higher Income|
|8||Aberdeen MM Cautious Managed|
|10||Newton Real Return|
|11||M&G Global Dividend|
|12||Aberdeen Emerging Markets|
|13||M&G Global Basics|
|16||Aviva Cautious Fund of Funds|
|17||Invesco Perpetual Distribution|
|18||Fidelity Multi Asset Strategic|
|19||M&G Optimal Income|
|20||Newton Asian Income|
Cautious Managed continued to lead the field with 33 per cent of sales and three funds in the top five (Jupiter Merlin Income Portfolio, Henderson MM Income & Growth and Thames River Distribution. Global Growth also enjoyed a popular month as the second highest selling sector, up from third place in Q4 2010 and accounting for 12.7 per cent of sales.
Michelle Woodburn, Manager, Fund Group Relations at Cofunds said: “An interesting trend to see this month is the emergence of income heavy investing, with advisers favouring funds that aim to give investors yearly returns, sometimes as well as growth. While bonds slipped a little in terms of popularity, funds investing in equities gained ground in sectors such as Global Growth, UK All Companies and Absolute Return.”