Institutional money flows attracted to UK All Companies in May

Money flows through Cofunds’ Institutional service have highlighted that both wealth managers and execution only clients have favoured UK All Companies, whereas product providers focused on Corporate Bonds in May.
Product providers (namely underlying collectives supporting pension, bond and SIPP wrappers) have two corporate bonds in their top five selling funds with M&G Strategic Corporate Bond and M&G High Yield Corporate Bond taking first and fifth places respectively.
The UK All Companies sector proved a popular choice for Wealth Managers and execution only with these client bases having GLG Alpha Select UCITS III and Legal & General UK Index   respectively from this sector  as their highest selling funds. 
Christopher James, Director, Institutional Services at Cofunds said: “May saw a convergence at the top of the sales charts for Wealth Mangers and execution only but not Product providers. As you look down the charts, even just at the top five, all three client bases chose to invest in very different areas. Execution only took a global outlook whereas product providers focused on managed funds, and wealth managers preferred a mix of bonds and equities.”