Global sectors proved popular with institutional money in June
Global sectors enjoyed a booming month in June with wealth managers and execution only clients whilst product providers focused on the managed sectors, according to the latest sales breakdown from Cofunds institutional service.
Wealth managers and execution only clients both favoured a global outlook with Global Growth featuring in the top five selling sectors for both client bases. Global Bonds and Global Emerging Markets also featured in both groups’ top five, taking fifth and third places respectively.
Product providers (namely underlying collectives supporting pension, bond and SIPP wrappers) were drawn to managed funds with Cautious, Balanced and Active Managed sectors making an appearance in their top six selling sectors.
Christopher James, Director, Institutional Services at Cofunds said: “June saw two of our three client bases take a notably global position. Where wealth managers favoured Standard Life Investment Global Index Linked Bond and Lazard Emerging Markets in their top 10 selling funds, execution only clients preferred Aberdeen Emerging Markets and First State Global Emerging Markets Leaders. Although down from its peak in the May UK All Companies sector saw continuing popularity across all three groups, featuring in all their top four selling sectors.”
| Highest net funds in June (Wealth Manager) | Highest net funds in June (Execution only) | Highest net funds in June (Product providers) | |||
| 1 | Legal & General Dynamic Bond | 1 | Legal & General UK Index | 1 | M&G Strategic Corporate Bond |
| 2 | AXA Framlington UK Select Opps | 2 | First State Indian Subcontinent | 2 | Jupiter Merlin Income Portfolio |
| 3 | First State Asia Pacific Leaders | 3 | Aberdeen Emerging Markets | 3 | Neptune Balanced |
| 4 | Cazenove Strategic Bond | 4 | BlackRock Gold & General | 4 | M&G High Yield Corporate Bond |
| 5 | Threadneedle UK Equity Income | 5 | Invesco Perpetual Monthly Income | 5 | Jupiter Merlin Growth Portfolio |
| 6 | Schroder UK Alpha Plus | 6 | Threadneedle Latin America | 6 | M&G Recovery |
| 7 | Artemis Strategic Assets | 7 | Investec Global Gold | 7 | L&G (N) Target Return |
| 8 | IFSL Brooks Macdonald Strcd Grth | 8 | HSBC FTSE 100 Index | 8 | Newton Global Higher Income |
| 9 | Henderson Strategic Bond | 9 | Invesco Perpetual High Income | 9 | L&G (N) High Income |
| 10 | Threadneedle American | 10 | First State Asia Pacific Leaders | 10 | SL Inv Global Absolute Ret Strategy |
| 11 | JOHCM Continental European | 11 | F&C FTSE All Share Tracker | 11 | Invesco Perpetual Income |
| 12 | SL Inv Global Index Lkd Bnd | 12 | First State Gbl Emerging Mkts Lead | 12 | JPM Natural Resources |
| 13 | Lazard Emerging Markets | 13 | M&G Gilt & Fixed Interest Income | 13 | Legal & General UK Property |
| 14 | M&G Optimal Income | 14 | Aberdeen MM Emerging Mark Port | 14 | First State Gbl Emerging Mkts Lead |
| 15 | M&G Global Convertible | 15 | First State Greater China Growth | 15 | M&G Optimal Income |
| 16 | Newton Global Higher Income | 16 | M&G Strategic Corporate Bond | 16 | Investec Cautious Managed |
| 17 | M&G High Yield Corporate Bond | 17 | Newton Global High Yield Bond | 17 | Invesco Perpetual High Income |
| 18 | M&G Global Dividend | 18 | Neptune China | 18 | L&G (N) Tracker |
| 19 | Lazard Global Equity Income | 19 | M&G Corporate Bond | 19 | Invesco Perpetual Distribution |
| 20 | Henderson Global Technology | 20 | Smith & Williamson North American | 20 | BlackRock Gold & General |