Fund flows stabilise in October after four months of volatility, Cofunds

Net inflows and outflows finally stabilised in October after four months of volatility, according to the latest figures released by financial services platform Cofunds.

Mixed Investment 20-60% share were the most popular during the month, followed by strategic bonds, which accounted for 32% of net sales in October. 

“Jupiter Merlin Income remained the number one selling fund both in the sector and on the Cofunds platform overall.  Invesco Perpetual Distribution, Cazenove MM Diversity and HSBC Open Global Return are also in the top 10 selling funds,” Cofunds said.

Global Equity Income (16%) and Global Bond (11%) sectors were also popular during the period, with M&G Global Dividend and Newton Global Higher Income number 4 and 5 on the platform.

North America had a favourable month, and weighted for 9% of retail net. 

Many sectors saw less of a dramatic outflow in October, although UK All Companies still accounted for -17% of net sales.  Other out of favour sectors were Specialist and UK Equity Income, accounting for-15% and -10%.

“October has shown early signs of the volatility stabilising since Q3.  The sectors which have been out of favour this year such as UK All Cap, UK Equity Income and Europe have seen outflows stemming somewhat, and some funds in these sectors are now doing well,” said Michelle Woodburn (pictured), head of fund group relations at Cofunds. 

 

Net sales in October (Cofunds) 

 

October 2012 Net Sales

1

Jupiter Merlin Income Portfolio

2

Invesco Perpetual Distribution

3

M&G Optimal Income

4

M&G Global Dividend

5

Newton Global Higher Income

6

SL Inv Global Absolute Ret Strategy

7

Threadneedle American

8

HSBC Open Global Distribution

9

M&G Strategic Corporate Bond

10

Cazenove MM Diversity

11

Newton Asian Income

12

Newton Global Dynamic Bond

13

Invesco Perpetual Monthly Income

14

Fidelity Strategic Bond

15

Newton Real Return

16

Legal & General All Stk IL Gilt Ind

17

JPM US Equity Income

18

Jupiter Strategic Bond

19

Premier Multi-Asset Distribution

20

Liontrust Special Situations

 

  

 

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