Cautious Managed still significantly ahead but Strategic Bonds a solid second for third consecutive quarter
Strategic Bonds consolidated its position as the second highest selling sector for a third successive quarter, although still trails behind Cautious Managed, the highest selling sector according to the Q4 adviser sales trends from Cofunds, the UK’s leading independent platform for financial planning.
Strategic Bonds accounted for 9.8 per cent of net sales with M&G Optimal Income and L&G Dynamic bond placing as the 12th and 16th highest selling funds in Q4 respectively. (See table below)
Cautious Managed, as highest selling sector, accounting for 31.4 per cent of net sales, whilst Global Growth, Global Emerging Markets and Specialist sectors grew their market shares over the quarter to 7.4 per cent, 5.5 per cent and 5.6 per cent respectively.
| Q4 2010 | |
| 1 | Standard Life Investments Global Absolute Return Strategy |
| 2 | Jupiter Merlin Income Portfolio |
| 3 | Jupiter Merlin Balanced Portfolio |
| 4 | Henderson MM Inc & Growth |
| 5 | Thames River Distribution |
| 6 | Henderson MM Distribution |
| 7 | Aviva Cautious Fund of Funds |
| 8 | Invesco Perpetual Monthly Income |
| 9 | Aberdeen Emerging Markets |
| 10 | Invesco Perpetual Distribution |
| 11 | Newton Global Higher Income |
| 12 | M&G Optimal Income |
| 13 | Aberdeen MM Cautious Managed |
| 14 | Newton Real Return |
| 15 | M&G Recovery |
| 16 | Legal & General Dynamic Bond |
| 17 | M&G Global Dividend |
| 18 | Artemis Income |
| 19 | M&G Global Basics |
| 20 | First State Asia Pacific Leaders |
Michelle Woodburn, Manager, Fund Group Relations at Cofunds said: “Q4 has seen 40 per cent of assets continue to flow to Cautious Managed and Strategic Bond funds for another quarter. Indeed, since Q4 2009 Cautious Managed has dominated the sales charts accounting for at least a quarter of all net sales.
“Q4 was an exciting period for the Specialist sector as it broke into the top five selling sectors for the first time in the last couple of years. Leading the charge were First State Indian Subcontinent Fund and JPMorgan Natural Resources Fund which both appeared in the top 50 selling net funds for the quarter.”