Cautious Managed Funds Dominate Fund Supermarket Sales

Cautious Managed Funds Dominate Fund Supermarket Sales

06 February 2012 / by David Hughes

Cautious Managed funds maintained their stronghold on the investment funds market last month, accounting for over 52 per cent of net sales according to the latest sales trends figures from Cofunds, the leading independent platform for financial services. Three of the top five selling retail funds on the platform were multi manager or multi asset funds within this sector.

Gilts also proved popular, with UK Gilts and UK Index-Linked Gilts taking a combined 22 per cent of net sales – well over double their allocation for October. The Global sector was the third most favoured area for investment with 12 per cent of net sales last month. Funds focussing on income and dividends still proved most sought-after in this sector, with both M&G Global Dividend and Newton Global Higher Income in the top ten selling funds on the platform (see table below).



November 2011 Net Sales


HSBC Open Global Return


Premier Multi-Asset Distribution


Jupiter Merlin Income Portfolio


Architas MM Balanced


M&G Global Dividend


M&G Strategic Corporate Bond


Thames River Distribution


Legal & General Cash Trust


Newton Global Higher Income


Threadneedle High Yield Bond


Newton Real Return


M&G Optimal Income


M&G Gilt & Fixed Interest Income


Fidelity Moneybuilder Income


HSBC Open Global Distribution


Henderson MM Distribution


CF Miton Special Situations Port.


SWIP Multi-Manager Diversity


Invesco Perpetual Distribution


Schroder US Mid Cap


 Michelle Woodburn, Manager, Fund Group Relations said: “While advisers continued to concentrate on Cautious Managed, prolonged volatility in the market saw Money market funds account for 8 per cent of net sales. This is their highest monthly market share for 2011.

“Market instability also meant that various sectors went from positive to significant negative net sales territory in November, including UK All Companies (-14 per cent of net sales), UK Equity Income (-12 per cent), Specialist (-7 per cent) and Active Managed (-4 per cent).”


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