30th November 2016
Multi asset investments lead the way in October, FundsNetwork reveals
The Mixed Investment 40-85% Shares sector topped the sales chart in October, the latest FundsNetworkTM data has revealed.
There was also strong demand for the Mixed Investment 0-35% and Targeted Absolute Returns sectors in the month, which took the third spot and fourth spots respectively in the bestselling sectors list.
Fixed income once again proved to be a popular asset class amongst investors last month, with the Corporate Bond, Strategic Bond, UK Gilts, and Global Bonds sectors all featuring amongst the top ten bestselling sectors.
This was reflected in the best-selling funds list for the month, with eight of the top ten slots going to multi-asset or corporate bond funds. CF Lindsell Train UK Equity and Fundsmith Equity were the only equity funds to buck the trend.
The table for FundsNetwork Pension investors maintained a more diversified approach, with advisory firms and their clients allocating to funds across a range of asset classes and geographies. ISA investors on the other hand opted for more defensive assets such as multi asset and fixed income funds.
Danny Wynn, Head of Fund Partners for Fidelity International, comments: “With investors bracing themselves for the US election, October saw advisory firms and their clients hold greater levels of cash and fixed income in their portfolios in order to add a layer of protection to their portfolios in case of any volatility resulting from the race to the White House. Whilst equities weren’t totally out of the picture it’s not surprising that the major beneficiaries were funds with a strong track record through recent turbulent times and limited exposure to the US.
“With the markets reacting rather benevolently to the news that Trump is set to become the next US President, it will be interesting to see whether investors have poured into equities to take advantage of the Trump rally that has taken place throughout November or whether they have continued to maintain a more defensive approach.”
Top 10 adviser sales by sector via FundsNetwork
|
Rank |
Sector Name |
|
1 |
Mixed Investment 40-85% Shares |
|
2 |
£ Corporate Bond |
|
3 |
Mixed Investment 0-35% Shares |
|
4 |
Targeted Absolute Return |
|
5 |
£ Strategic Bond |
|
6 |
UK Gilts |
|
7 |
Global Bonds |
|
8 |
Global Emerging Markets |
|
9 |
Technology and Telecommunications |
|
10 |
UK Index Linked Gilts |
Top 10 adviser sales by fund via FundsNetwork
|
Rank |
Fund Name |
|
1 |
Aberdeen Short Dated Corporate Bond |
|
2 |
Fundsmith Equity Fund |
|
3 |
PFS Darwin Multi Asset Fund |
|
4 |
M&G Episode Income Fund |
|
5 |
Threadneedle UK Short Dated Corporate Bond |
|
6 |
CF Lindsell Train UK Equity Fund |
|
7 |
Invesco Perpetual Global Targeted Returns |
|
8 |
Vanguard LifeStrategy 40% Equity |
|
9 |
Standard Life Investments MyFolio Market II |
|
10 |
BlackRock Cash Fund |
Pension bestsellers through FundsNetwork
|
Rank |
Fund Name |
|
1 |
Fundsmith Equity Fund |
|
2 |
BlackRock Cash Fund |
|
3 |
Fidelity Japan Smaller Companies Fund |
|
4 |
Vanguard LifeStrategy 60% Equity |
|
5 |
Invesco Perpetual Global Targeted Returns |
|
6 |
First State Asia Pacific Leaders |
|
7 |
CF Lindsell Train UK Equity Fund |
|
8 |
Jupiter European Fund |
|
9 |
Invesco Perpetual High Income |
|
10 |
Legal & General UK Property Trust |
ISA bestsellers through FundsNetwork
|
Rank |
Fund Name |
|
1 |
PFS Darwin Multi Asset Fund |
|
2 |
M&G Episode Income Fund |
|
3 |
Fundsmith Equity Fund |
|
4 |
Aberdeen Short Dated Corporate Bond |
|
5 |
Threadneedle UK Short Dated Corporate Bond |
|
6 |
Standard Life Investments MyFolio Market II |
|
7 |
Threadneedle Equity & Bond Fund |
|
8 |
CF Lindsell Train UK Equity Fund |
|
9 |
Vanguard LifeStrategy 40% Equity |
|
10 |
BlackRock Cash Fund Class |
Source: FundsNetwork net sales data for October 2016.
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