UK All Companies rises to the top in July
UK All Companies experienced a successful July, firmly placed within the top four selling sectors for wealth managers, execution only and product providers, as indicated by the most recent sales breakdown from Cofunds’ institutional service.
Wealth managers and execution only clients also favoured Strategic Bond and Global Bonds. Indeed, Strategic Bond took first place amongst wealth manager clients and second with the execution only clients.
Product providers (namely underlying collectives supporting pension, bond and SIPP wrappers) were drawn to Corporate Bond funds and for the second month running, Cautious and Balanced Managed Funds made their top six selling sectors.
Christopher James, Director, Institutional Services at Cofunds said: “July saw UK All Companies establish itself as one of the top selling sectors, with M&G Recovery, Legal & General UK Index and M&G Recovery leading the way with wealth managers, execution only and product providers respectively. Two out of our three client bases also gave preference to Corporate Bond funds, so much so that our Product providers clients placed two Corporate Bond funds (M&G Strategic Corporate Bond and M&G High Yield Corporate Bond) , in their top five.”
| Highest net funds in July (Wealth Manager) | Highest net funds in July (Execution only) | Highest net funds in July (Product providers) | |||
| 1 | M&G Recovery | 1 | Legal & General UK Index | 1 | M&G Strategic Corporate Bond |
| 2 | Schroder UK Alpha Plus | 2 | Aberdeen Emerging Markets | 2 | Jupiter Merlin Income Portfolio |
| 3 | Legal & General Dynamic Bond | 3 | Invesco Perpetual Monthly Income | 3 | Neptune Balanced |
| 4 | Invesco Perpetual Corporate Bond | 4 | Old Mutual Global Strategic Bond | 4 | M&G High Yield Corporate Bond |
| 5 | Invesco Perpetual UK Strategic Inc | 5 | Newton Global High Yield Bond | 5 | Jupiter Merlin Growth Portfolio |
| 6 | SL Inv Global Index Lkd Bnd | 6 | First State Indian Subcontinent | 6 | M&G Recovery |
| 7 | Lazard Emerging Markets | 7 | Fidelity Moneybuilder UK Index | 7 | L&G (N) Target Return |
| 8 | First State Asia Pacific Leaders | 8 | Invesco Perpetual Corporate Bond | 8 | Newton Global Higher Income |
| 9 | MFM Slater Growth | 9 | Legal & General Dynamic Bond | 9 | Invesco Perpetual Income |
| 10 | AXA Framlington UK Select Opps | 10 | Jupiter India | 10 | L&G (N) High Income |
| 11 | Threadneedle UK Equity Income | 11 | M&G Corporate Bond | 11 | SL Inv Global Absolute Ret Strategy |
| 12 | IFSL Brooks Macdonald Strcd Grth | 12 | Investec Emerging Markets Debt | 12 | First State Gbl Emerging Mkts Lead |
| 13 | Investec UK Special Situations | 13 | First State Greater China Growth | 13 | L&G (N) Tracker |
| 14 | JOHCM UK Equity Income | 14 | SL Inv Global Absolute Ret Strategy | 14 | SL Inv UK Property |
| 15 | Henderson Global Technology | 15 | M&G Global Basics | 15 | Schroder UK Alpha Plus |
| 16 | M&G Corporate Bond | 16 | First State Asia Pacific Leaders | 16 | Threadneedle Global Select |
| 17 | SL Inv Global Absolute Ret Strategy | 17 | Schroder Income Maximiser | 17 | Jupiter Merlin Worldwide Portfolio |
| 18 | Threadneedle American | 18 | AEGON High Yield Bond | 18 | Jupiter Merlin Worldwide Portfolio |
| 19 | Baillie Gifford Emeging Mrks Growth | 19 | First State Gbl Emerging Mkts Lead | 19 | M&G Corporate Bond |
| 20 | M&G Optimal Income | 20 | Newton Asian Income | 20 | Investec Cautious Managed |