Asia Pacific Ex Japan hold favour with wealth managers
Asia Pacific Ex Japan maintained favour with wealth managers and execution only clients in October, according to the latest sales breakdown from Cofunds’ institutional service.
The sector ranked second highest selling for wealth managers and third highest selling for execution only clients last month.
Global sectors remained a popular choice for wealth managers and execution only clients with global emerging markets, global bonds and global growth placed in the top ten selling sectors for these client groups.
Product providers (accounting for the underlying collectives within their pension, bond and SIPP wrappers) continued to favour Corporate Bonds in October. M&G Strategic Corporate Bond and M&G High Yield Corporate Bond lead the way as first and fourth highest selling funds.
Christopher James, Director, Institutional Services at Cofunds said: “October saw the global trend continue with Asia Pacific Ex Japan, Global Growth, Global Bonds and Emerging Market funds performing well with our wealth manager and execution only clients. First State Indian Subcontinent and Aberdeen Emerging Markets funds continued to hold their positions as the top two selling fund with our execution only clients.”
| Highest net funds in October (Wealth manager) | # | Highest net funds in October (Execution only) | Highest net funds in October (Product providers) | ||
| 1 | RWC Enhanced Income | 1 | First State Indian Subcontinent | 1 | M&G Strategic Corporate Bond |
| 2 | SL Inv Global Absolute Ret Strategy | 2 | Aberdeen Emerging Markets | 2 | Jupiter Merlin Income Portfolio |
| 3 | Newton Asian Income | 3 | BlackRock Gold & General | 3 | Neptune Balanced |
| 4 | Legal & General Dynamic Bond | 4 | First State Greater China Growth | 4 | M&G High Yield Corporate Bond |
| 5 | First State Asia Pacific Leaders | 5 | Investec Emerging Markets Debt | 5 | M&G Recovery |
| 6 | GLG Alpha Select UCITS III | 6 | MFM Slater Growth | 6 | Jupiter Merlin Growth Portfolio |
| 7 | First State Gbl Listed Infrastructure | 7 | First State Gbl Emerging Mkts Lead | 7 | L&G (N) Target Return |
| 8 | Schroder UK Alpha Plus | 8 | Aberdeen MM Emerging Mark Port | 8 | M&G Property Portfolio |
| 9 | IFSL Brooks Macdonald Strcd Grth | 9 | M&G Optimal Income | 9 | Invesco Perpetual Income |
| 10 | Aberdeen Asia Pacific | 10 | Fidelity Moneybuilder Income | 10 | First State Gbl Emerging Mkts Lead |
| 11 | Newton Global Higher Income | 11 | Aberdeen Asia Pacific | 11 | L&G (N) High Income |
| 12 | Threadneedle UK Equity Income | 12 | SL Inv UK Smaller Cos | 12 | Newton Global Higher Income |
| 13 | Jupiter Absolute Return | 13 | Invesco Perpetual Monthly Income | 13 | SL Inv Global Absolute Ret Strategy |
| 14 | M&G Global Basics | 14 | Threadneedle Latin America | 14 | Aberdeen Emerging Markets |
| 15 | Sarasin Intl Equity Income | 15 | F&C Multi Manager Growth | 15 | Invesco Perpetual Distribution |
| 16 | Legal & General UK Property | 16 | Neptune China | 16 | Investec Cautious Managed |
| 17 | JOHCM UK Equity Income | 17 | Investec Global Gold | 17 | First State Asia Pacific Leaders |
| 18 | AXA Framlington UK Select Opps | 18 | Marlborough Special Situations | 18 | Invesco Perpetual Corporate Bond |
| 19 | SL Inv Global Index Lkd Bnd | 19 | Jupiter India | 19 | Invesco Perpetual Monthly Income |
| 20 | SWIP Property | 20 | S&W Gbl Gold & Resources | 20 | M&G Optimal Income |