UK investment funds saw sales growth in April, Cofunds says Go compare with our comparison table

UK investment funds saw sales growth in April, Cofunds says

16 May 2011 / by Paul Dicken

Investors have been looking closer to home in recent months, according to funds platform Cofunds, which said UK and European funds increased in popularity in April.

Figures for financial adviser sales on Cofunds showed the UK All Companies, UK Equity Income and European sectors increased their net sales numbers in April.

However, overall net sales data showed the cautious managed Jupiter Merlin Income Portfolio Fund was the most popular fund, with the global growth M&G Global Dividend Fund coming in second.

Multi-manager funds continued to dominate the top ten net adviser sales on Cofunds in April, but in third place was the Invesco Perpetual Monthly Income Plus Fund which invests in bonds and UK equities (see Investment Focus: Invesco Perpetual Monthly Income Plus Fund for more about the Invesco Perpetual fund).

The UK equity focused Artemis Income Fund and Axa Framlington UK Select Opportunities Fund were ranked 17th and 18th by net sales.

Cautious Managed remains the highest selling sector, but, by month, sales in cautious managed funds were at their lowest since 2009.

Fund group relations manager at Cofunds, Michelle Woodburn said: “There were two themes of interest that emerged from the April sales trends. Firstly the sectors closer to home, UK Equity Income, UK All Companies and Europe, excluding UK, all saw an increase in their net sales as advisers began to favour these sectors due in part to increased volatility in the markets and unrest in the middle east.”

Woodburn said funds in the cautious managed sectors had seen a sizeable decrease in net sales for the month but the sector remains popular.

Cautious managed funds in the Cofunds adviser net sales top 20 include the Jupiter Merlin Income Portfolio, the Thames River Distribution Fund, Henderson Multi Manager Income and Growth, and the Aberdeen Multi Manager Cautious Managed.

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 Product NameISA OptionIncome YieldMore Info
Income Maximiseryes
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Seeks to achieve a target yield of 7% to generate a quarterly income, whilst offering the potential for some long-term capital growth. Save 100% on Initial Charges.
Monthly Income Plus Fundyes
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Popular monthly income fund that aims to achieve a high level of income whilst seeking to maximise total return through investing in high yielding corporate and Government bonds, together with UK equities. 100% discount on initial charges.
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Strategic Bondyes
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Investing in higher yielding assets which will include most types of fixed interest securities, this fund aims to deliver a quarterly income to investors. Save up to 97% on Initial Charges.
Invesco Perpetual Corporate Bond Fundyes
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This highly popular investment fund aims to achieve a high level of overall return with relative security to capital. Income Paid to you twice yearly. Up to a 100% Discount off the Standard Initial Fund Charge.
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Artemis Income Fundyes
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One of the leading UK Equity Income Funds. The Fund managers hunt out companies with strong free cash flow and solid balance sheets. Income is paid to you twice yearly. 100% Discount off the Standard Initial Fund Charge.
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Invesco Perpetual High Income Fundyes
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One of the UK's most popular income funds, the Invesco Perpetual High Income has delivered consistently good long term returns through a variety of market conditions. Income is paid to you twice yearly. Up to a 100% Discount off the Standard Initial Fund Charge.
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M&G Corporate Bond Fundyes
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The M&G Corporate Bond Fund is a conservative ‘blue chip’ sterling fund that aims to produce a higher return than UK government bonds. Income is Paid to you Quarterly. 100% Discount off the Standard Initial Fund Charge.
Jupiter Merlin Income Portfolioyes
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The Jupiter Merlin Income Portfolio fund aims to achieve a high and rising income with some potential for capital growth. Income Distributions are made to you quarterly. 95% Discount off the Standard Initial Charge.
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