1st December 2015
Defensive assets continue to lead the way in October, FundsNetwork reveals
- UK Equity Income retains top spot
- Short Term Money Market sector sees strong demand in October
- Significant turnover in funds across product wrappers
The UK Equity Income and Property sectors continued to assert their dominance at the top of the sales chart in October, according to the latest data from FundsNetworkTM.
While there was no change in the top two selling sectors on FundsNetwork, October did witness somewhat of a reshuffle lower down the sales table, with the Short Term Money Market sector in particular having a strong month. This suggests that there is ongoing demand for safe haven assets and that advisory firms are looking to diversify their clients’ holdings.
A similar trend was evident in the bestselling funds across all the product wrappers, which saw significant turnover compared to the previous month, despite a few stalwarts such as Woodford Equity Income retaining their places.
Danny Wynn, Head of Fund Partners for Fidelity International, comments: “October saw many of the major global indices having their best month in years. Yet despite this, many investors continued to favour defensive assets, which is unsurprising given the extended bouts of volatility they had to endure in previous months. However, we did see some evidence of confidence returning, particularly as China showed signs that it genuinely is rebalancing rather than suffering a hard landing. This was evident by the Emerging Markets sector featuring in the top ten bestselling sectors in October and by the Fidelity Emerging Markets Fund making an appearance in our bestsellers list.
“One other interesting observation from October’s sales data was that there were three passive funds appearing in the bestsellers list, up from one last month, within the FundsNetwork Pension. After one month we can’t call this a trend but it will be interesting to see if this is a theme that develops in the medium term.”
Top 10 adviser sales by fund via FundsNetwork
|
Rank |
Fund Name |
|
1 |
Woodford Equity Income |
|
2 |
BlackRock Cash Fund |
|
3 |
Premier Multi-Asset Distribution |
|
4 |
Artemis Global Income Fund |
|
5 |
Henderson Strategic Bond Fund |
|
6 |
Fidelity Emerging Markets Fund |
|
7 |
Henderson UK Property Unit Trust |
|
8 |
Fundsmith Equity Fund |
|
9 |
Kames Ethical Cautious Managed |
|
10 |
Invesco Perpetual Global Targeted Returns |
Top 10 adviser sales by sector via FundsNetwork
|
Rank |
Sector Name |
|
1 |
UK Equity Income |
|
2 |
Property |
|
3 |
Short Term Money Market |
|
4 |
North America |
|
5 |
Mixed Investment 40-85% Shares |
|
6 |
Global Equity Income |
|
7 |
Mixed Investment 0-35% Shares |
|
8 |
Global Emerging Markets |
|
9 |
Europe Excluding UK |
|
10 |
Japan |
Pension bestsellers through FundsNetwork
|
Rank |
Fund Name |
|
1 |
Woodford Equity Income Fund |
|
2 |
First State Asia Pacific Leaders |
|
3 |
Fidelity Index UK Fund |
|
4 |
Henderson UK Property Unit Trust |
|
5 |
Standard Life Investments Global Absolute Returns Strategy |
|
6 |
Jupiter European Fund |
|
7 |
Fidelity Index US Fund |
|
8 |
Vanguard LifeStrategy 80% Equity |
|
9 |
M&G Feeder of Property Portfolio |
|
10 |
Legal & General UK Property Trust |
ISA bestsellers through FundsNetwork
|
Rank |
Fund Name |
|
1 |
Woodford Equity Income Fund |
|
2 |
Premier Multi-Asset Distribution |
|
3 |
Henderson UK Property Unit Trust |
|
4 |
M&G Episode Income Fund |
|
5 |
Artemis Global Income Fund Class |
|
6 |
Standard Life Investments Global Absolute Returns Strategy |
|
7 |
Fundsmith Equity Fund |
|
8 |
Jupiter Distribution Fund |
|
9 |
Vanguard U.S. Equity Index |
|
10 |
Kames Ethical Cautious Managed |
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