Cautious Managed tops the charts over four quarters
Cautious Managed kept its top spot as the highest selling sector for the fourth successive quarter according to the Q2 adviser sales trends from Cofunds, the leading independent platform for financial planning.
Cautious Managed accounted for 30 percent of net adviser sales in Q3, just slightly down from its peak of 33 percent in Q2. The highest selling fund in this sector was Henderson Multi Manager Income & Growth. (See table below)
Strategic Bonds maintained its place as second highest selling sector, accounting for 10 percent of net sales, whilst Absolute Return and Corporate Bonds grew their market shares to 7 percent and 7.3 percent respectively from 6 percent and 1 percent in Q2.
| Q2 2010 | |
| 1 | Standard Life Investments Global Absolute Return Strategy |
| 2 | Henderson Multi Manager Income & Growth |
| 3 | Thames River Distribution |
| 4 | Jupiter Merlin Income Portfolio |
| 5 | Henderson Multi Manager Distribution |
| 6 | Invesco Perpetual Monthly Income |
| 7 | M&G Strategic Corporate Bond |
| 8 | Aviva Cautious Fund of Funds |
| 9 | M&G Optimal Income |
| 10 | Invesco Perpetual Corporate Bond |
| 11 | M&G Recovery |
| 12 | Aberdeen Emerging Markets |
| 13 | Newton Global Higher Income |
| 14 | Invesco Perpetual Distribution |
| 15 | M&G Property Portfolio |
| 16 | Legal & General Dynamic Bond |
| 17 | Jupiter Merlin Balanced Portfolio |
| 18 | First State Asia Pacific Leaders |
| 19 | CF Miton Special Situations Portfolio |
| 20 | SWIP Multi-Manager Diversity |
Michelle Woodburn, Manager, Fund Group Relations at Cofunds said: “Q3 data indicates that Cautious Managed is here to stay with the sector now having dominated the sales charts for a year. We do not see the sector falling much below this level as with the onset of RDR, these diversified funds will remain popular as an outsourced asset allocation solution.
“Corporate Bonds made a leap back into the top five sectors having not made it in the previous two quarters. It was also a positive month for the Absolute Return sector with Standard Life Investments Global Absolute Return Strategy keeping its hold at the top of the fund charts for the second month.”