Institutional money continues to favour global arenas in September
Global sectors continued to hold sway for a second month with both wealth managers and execution only clients drawn to funds with a wider reach, according to the latest sales breakdown from Cofunds’ institutional service.
Asia Pacific Ex Japan also proved a popular sector with wealth managers and execution only clients, finishing September as the top selling sector for wealth managers and the third highest selling sector for execution only clients.
Product providers (namely underlying collectives supporting pension, bond and SIPP wrappers) favoured Corporate Bonds along with diversified funds (Balanced and Cautious Managed sectors). M&G Strategic Corporate Bonds and Jupiter Merlin Income Portfolio were the highest selling funds with this client group.
Christopher James, Director, Institutional Services at Cofunds said: “September saw a continuing trend where Asia Pacific Ex Japan, Global Growth and Global Emerging Markets continued to perform well with our wealth manager and execution only clients. Leading the way were Aberdeen Asia Pacific and First State Indian Subcontinent which came in as the highest selling funds for these client groups respectively. Product providers saw M&G Strategic Corporate Bond and M&G High Yield Corporate Bond as their bond funds of choice on the platform as they finished first and fourth highest in September.”
| Highest net funds in September (Wealth manager) | Highest net funds in September (Execution only) | Highest net funds in September (Product providers) | |||
| 1 | Aberdeen Asia Pacific | 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 | Legal & General Dynamic Bond | 3 | Legal & General UK Index | 3 | Neptune Balanced |
| 4 | Schroder UK Alpha Plus | 4 | Newton Asian Income | 4 | M&G High Yield Corporate Bond |
| 5 | Newton Asian Income | 5 | Old Mutual Global Strategic Bond | 5 | Jupiter Merlin Growth Portfolio |
| 6 | First State Asia Pacific Leaders | 6 | First State Greater China Growth | 6 | M&G Recovery |
| 7 | Lazard Global Equity Income | 7 | Invesco Perpetual Monthly Income | 7 | L&G (N) Target Return |
| 8 | M&G Global Dividend | 8 | First State Global Emerging Markets Lead | 8 | SL Inv Global Absolute Ret Strategy |
| 9 | Jupiter Absolute Return | 9 | Legal & General MM Growth | 9 | L&G (N) High Income |
| 10 | BlackRock UK Income | 10 | BlackRock Gold & General | 10 | Invesco Perpetual Income |
| 11 | SWIP Property | 11 | SL Inv UK Smaller Cos | 11 | First State Global Emerging Markets Lead |
| 12 | GLG Alpha Select UCITS III | 12 | Investec Emerging Markets Debt | 12 | Newton Global Higher Income |
| 13 | Invesco Perpetual UK Strategic Inc | 13 | Invesco Perpetual Distribution | 13 | L&G (N) Tracker |
| 14 | Sarasin Intl Equity Income | 14 | Newton Real Return | 14 | Invesco Perpetual Corporate Bond |
| 15 | Jupiter India | 15 | S&W Global Gold & Resources | 15 | Aberdeen Emerging Markets |
| 16 | IFSL Brooks Macdonald Structured Growth | 16 | First State Global Resources | 16 | Invesco Perpetual Distribution |
| 17 | AXA Framlington UK Select Opportunities | 17 | F&C Multi Manager Growth | 17 | Invesco Perpetual High Income |
| 18 | Threadneedle UK Equity Income | 18 | Fidelity Extra Income | 18 | First State Asia Pacific Leaders |
| 19 | JOHCM UK Equity Income | 19 | MFM Slater Growth | 19 | Lazard UK Income |
| 20 | Schroder Income Maximiser | 20 | M&G Recovery | 20 | Investec Cautious Managed |