Corporate Bonds dominated sales in August, with placings in the top four selling sectors for wealth managers, execution only and product providers, as indicated by the most recent sales breakdown from Cofunds’ institutional service.
Wealth managers and product providers (namely underlying collectives supporting pension, bond and SIPP wrappers) both strongly favoured Corporate Bonds placing them as the highest selling sector. Corporate Bonds were also popular with execution only clients and finished the month as the fourth highest selling sector. Strategic Bonds were the second most popular sector for both wealth managers and execution only clients.
Meanwhile execution only clients looked further afield to Global Bonds and Global Emerging Markets which took third and fifth spots as highest selling sectors, respectively.
Christopher James, Director, Institutional Services at Cofunds said: “August saw both Corporate and Strategic Bonds establish themselves in all three client bases, with L&G Dynamic Bond and M&G Strategic Corporate Bond leading the way for wealth managers and product providers respectively.
“Execution only clients also favoured a global outlook along with Strategic and Corporate Bonds. Both Global Bonds and Global Emerging Markets proved popular sectors with First State Indian Subcontinent and Aberdeen Emerging Markets dominating as second and fourth highest selling funds in this client base.”
|Highest net funds in August (wealth manager)||#||Highest net funds in August (execution only)||Highest net funds in August (product providers)|
|1||Legal & General Dynamic Bond||1||Legal & General UK Index||1||M&G Strategic Corporate Bond|
|2||M&G Corporate Bond||2||First State Indian Subcontinent||2||Jupiter Merlin Income Portfolio|
|3||Invesco Perpetual Corporate Bond||3||Invesco Perpetual Monthly Income||3||Neptune Balanced|
|4||Aberdeen Asia Pacific||4||Aberdeen Emerging Markets||4||M&G High Yield Corporate Bond|
|5||Invesco Perpetual UK Strategic Inc||5||Fidelity Moneybuilder UK Index||5||Jupiter Merlin Growth Portfolio|
|6||Threadneedle UK Mid 250||6||Legal & General Dynamic Bond||6||L&G (N) Target Return|
|7||SL Inv Global Absolute Ret Strategy||7||Investec Emerging Markets Debt||7||M&G Recovery|
|8||Threadneedle UK Equity Income||8||Invesco Perpetual Corporate Bond||8||L&G (N) High Income|
|9||SL Inv UK Smaller Cos||9||M&G Strategic Corporate Bond||9||SL Inv Global Absolute Ret Strategy|
|10||M&G Strategic Corporate Bond||10||SL Inv Global Absolute Ret Strategy||10||Newton Global Higher Income|
|11||BlackRock Gold & General||11||Fidelity Moneybuilder Income||11||Invesco Perpetual Income|
|12||M&G Optimal Income||12||Old Mutual Global Strategic Bond||12||First State Gbl Emerging Mkts Lead|
|13||M&G Recovery||13||MFM Slater Growth||13||Invesco Perpetual High Income|
|14||Neptune European Opportunities||14||First State Asia Pacific Leaders||14||Investec Cautious Managed|
|15||Investec UK Special Situations||15||Schroder Income Maximiser||15||L&G (N) Tracker|
|16||AXA Framlington UK Select Opps||16||HSBC FTSE 100 Index||16||M&G Optimal Income|
|17||SL Inv Global Index Linked Bond||17||Investec Monthly High Income||17||Jupiter Merlin Worldwide Portfolio|
|18||First State Asia Pacific Leaders||18||SL Inv UK Smaller Cos||18||First State Asia Pacific Leaders|
|19||Insight Absolute UK Eq Mrkt Neutral||19||Jupiter Managed||19||Invesco Perpetual Distribution|
|20||Schroder Strategic Bond||20||BlackRock Gold & General||20||Threadneedle Global Select|