Strategic Bonds gain favour with wealth managers in February
Wealth managers looked to Strategic Bonds in February with the sector jumping from fourth to first place in the latest sales breakdown from Cofunds’ institutional service.
The Strategic Bond sector has consistently been in the top five selling funds since December when it moved from 14th to second place.
Strategic Bond funds also gained popularity with execution only clients, breaking into the top five, having not featured in the top 10 for January. However, at the top of the table for this client base was UK All Companies which kept its reigning position for a second month.
Product providers (accounting for the underlying collectives within their pension, bond and SIPP wrappers) continued to favour Cautious Managed and Corporate Bonds, while UK All Companies knocked Balanced Managed off its place as third highest selling sector.
Christopher James, Director, Institutional Services at Cofunds said: “Strategic Bond funds continued to find favour with wealth managers last month with Henderson Strategic Bond coming in as the highest selling fund for this client base. The sector also attracted money from execution only clients with Invesco Perpetual Monthly Income fund taking the highest sales in this sector.”
| Highest net funds in February (Wealth manager) | # | Highest net funds in February (Execution only) | Highest net funds in February (Product providers) | ||
| 1 | Henderson Strategic Bond | 1 | BlackRock Gold & General | 1 | Jupiter Merlin Income Portfolio |
| 2 | Legal & General Dynamic Bond | 2 | Invesco Perpetual High Income | 2 | M&G Strategic Corporate Bond |
| 3 | Old Mutual Global Strategic Bond | 3 | Legal & General UK Index | 3 | M&G Recovery |
| 4 | M&G Global Dividend | 4 | Fidelity Moneybuilder UK Index | 4 | Neptune Balanced |
| 5 | SL Inv Global Absolute Ret Strategy | 5 | AXA Framlington Global Technology | 5 | Jupiter Merlin Growth Portfolio |
| 6 | M&G Global Basics | 6 | Invesco Perpetual Monthly Income | 6 | M&G High Yield Corporate Bond |
| 7 | EFA OPM Fixed Interest | 7 | Invesco Perpetual UK Smaller Cos | 7 | Threadneedle Absolute Return Bond |
| 8 | Threadneedle American | 8 | JPM Natural Resources | 8 | L&G (N) Target Return |
| 9 | RWC Enhanced Income | 9 | Legal & General UK R Alpha | 9 | M&G Property Portfolio |
| 10 | IFSL Brooks Macdonald Strcd Grth | 10 | SL Inv UK Smaller Cos | 10 | Invesco Perpetual Income |
| 11 | Baring Global Agriculture | 11 | HSBC American Index | 11 | First State Gbl Emerging Mkts Lead |
| 12 | Threadneedle UK Equity Income | 12 | SWIP North American Smaller Co | 12 | Newton Global Higher Income |
| 13 | Newton Global Higher Income | 13 | S&W Gbl Gold & Resources | 13 | SL Inv Global Absolute Ret Strategy |
| 14 | Sarasin Intl Equity Income | 14 | Newton Higher Income | 14 | Schroder UK Alpha Plus |
| 15 | AXA Framlington American Growth | 15 | Schroder US Mid Cap | 15 | L&G (N) Tracker |
| 16 | BlackRock Gold & General | 16 | Legg Mason Japan Equity | 16 | Investec Cautious Managed |
| 17 | Neptune European Opportunities | 17 | Fidelity Special Situations | 17 | L&G (N) High Income |
| 18 | JOHCM UK Equity Income | 18 | M&G Global Dividend | 18 | M&G Optimal Income |
| 19 | Alliance Trust Monthly Income Bond | 19 | BlackRock European Dynamic | 19 | Threadneedle Global Select |
| 20 | Newton Asian Income | 20 | M&G Recovery | 20 | First State Asia Pacific Leaders |