Cautious Managed stronger than ever in February
Cautious Managed funds continued to dominate the sales table in February, accounting for 37 per cent of net sales, up from 33 per cent in Q4 2010, according to the latest sales trends figures from Cofunds, the leading independent platform for financial planning.
This sector accounted for all of the top five selling funds on the platform, while Jupiter Merlin Income Portfolio took the top spot as the highest selling fund.
Global Growth also held its position, placing second for the second month running. This sector accounted for 11 per cent of sales, a rise from 7 per cent in Q4 2010. The key funds within this sector were M&G Global Dividend, M&G Global Basics and Newton Global Higher Income (see table below).
|February 2011 Net Sales|
|1||Jupiter Merlin Income Portfolio|
|2||Henderson MM Inc & Growth|
|3||Aberdeen MM Cautious Managed|
|4||Thames River Distribution|
|5||Henderson MM Distribution|
|6||SL Inv Global Absolute Ret Strategy|
|7||M&G Optimal Income|
|8||M&G Global Dividend|
|9||Newton Real Return|
|11||SWIP Multi-Manager Diversity|
|12||M&G Global Basics|
|13||Newton Global Higher Income|
|14||Jupiter Merlin Balanced Portfolio|
|15||Invesco Perpetual Monthly Income|
|16||HSBC American Index|
|17||Aberdeen Emerging Markets|
|18||BlackRock UK Special Situations|
|19||Jupiter Merlin Growth Portfolio|
|20||M&G Property Portfolio|
Strategic Bonds also had a popular month, accounting for 11 per cent of sales, a considerable increase from the 5 per cent it accounted for in January. This sector was the third most popular in the chart.
Michelle Woodburn, Manager, Fund Group Relations at Cofunds said: “February saw Cautious Managed firmly ensconced in the top spot and it does not look like it will be giving up its title soon. It’s interesting to note that the top five selling funds were not only all Cautious Managed, but they were also all multi manager funds as well. Strategic Bonds and Global Growth also enjoyed a popular month with advisers. The top selling Strategic Bonds were M&G Optimal Income and Invesco Perpetual Monthly Income Plus, which placed seventh and fifteenth respectively.”