Global Growth gains favour with wealth managers and execution only brokers
Global Growth’s popularity with wealth managers and execution only clients continued to grow in November, according to the latest sales breakdown from Cofunds’ institutional service.
The sector ranked third highest selling for wealth managers and second highest selling for execution only clients last month.
Asia Pacific Ex Japan funds also increased in popularity with wealth managers and shifted from second place to take the lead as the highest selling sector. Wealth managers also favoured UK All Companies, UK Equity Income and Global Emerging Markets, which were second, fourth and fifth highest selling sectors respectively.
Product providers (accounting for the underlying collectives within their pension, bond and SIPP wrappers) saw Cautious Managed overtake Corporate Bonds as the highest selling sector. However, a corporate bond (M&G Strategic Corporate Bond) remained the highest selling fund for this client group.
Christopher James, Director, Institutional Services at Cofunds said: “November saw the same sectors continue to dominate sales for wealth managers, as funds with a global exposure such as Global Growth and Asia Pacific Ex Japan, also performed well. Where Schroders UK Alpha Plus (UK All Companies) was the highest selling fund for wealth managers, it was BlackRock Gold & General that was the most popular fund for execution only clients, ensuring Specialist funds gained the top spot as highest selling sector for this client segment.”
| Highest net funds in November (Wealth manager) | # | Highest net funds in November (Execution only) | Highest net funds in November (Product providers) | ||
| 1 | Schroder UK Alpha Plus | 1 | BlackRock Gold & General | 1 | M&G Strategic Corporate Bond |
| 2 | SL Inv Global Absolute Ret Strategy | 2 | Aberdeen Emerging Markets | 2 | Jupiter Merlin Income Portfolio |
| 3 | Legal & General Dynamic Bond | 3 | JPM Natural Resources | 3 | Neptune Balanced |
| 4 | AXA Framlington UK Select Opps | 4 | First State Greater China Growth | 4 | M&G High Yield Corporate Bond |
| 5 | JOHCM UK Equity Income | 5 | Invesco Perpetual Latin American | 5 | Jupiter Merlin Growth Portfolio |
| 6 | First State Asia Pacific Leaders | 6 | Henderson Cash | 6 | M&G Property Portfolio |
| 7 | Aberdeen Asia Pacific | 7 | Old Mutual Global Strategic Bond | 7 | L&G (N) Target Return |
| 8 | BlackRock UK Income | 8 | Legal & General MM Income | 8 | M&G Recovery |
| 9 | JOHCM Continental European | 9 | S&W Gbl Gold & Resources | 9 | Invesco Perpetual Income |
| 10 | GLG Japan CoreAlpha | 10 | Schroder US Smaller Companies | 10 | First State Global Emerging Markets Lead |
| 11 | RWC Enhanced Income | 11 | Investec Global Gold | 11 | SL Inv Global Absolute Ret Strategy |
| 12 | Newton Asian Income | 12 | Legal & General UK Index | 12 | L&G (N) High Income |
| 13 | Neptune European Opportunities | 13 | MFM Slater Growth | 13 | Newton Global Higher Income |
| 14 | Sarasin Intl Equity Income | 14 | Jupiter India | 14 | Invesco Perpetual Distribution |
| 15 | BlackRock European Dynamic | 15 | M&G Global Dividend | 15 | Aberdeen Emerging Markets |
| 16 | First State Global Resources | 16 | M&G Strategic Corporate Bond | 16 | M&G Optimal Income |
| 17 | GLG Alpha Select UCITS III | 17 | M&G Global Basics | 17 | Threadneedle Global Select |
| 18 | M&G Optimal Income | 18 | First State Asia Pacific Leaders | 18 | First State Asia Pacific Leaders |
| 19 | Newton Global Higher Income | 19 | BlackRock European Dynamic | 19 | L&G (N) Tracker |
| 20 | Baring Global Agriculture | 20 | First State Global Resources | 20 | Schroder UK Alpha Plus |