View more on these topics

Advisers back cautious investments in latest sales data

Market volatility can precede big fallsAdvisers and their clients were looking to diversify last month in the wake of the recent market volatility.

Fundnetwork’s latest data on most sold funds by sector suggests that advisers took a cautious outlook.

They were looking for diversification within region or asset class, and sectors traditionally seen as lower risk.

The Global sector topped the list ahead of the Volatility Managed and Mixed Investment sectors. The Mixed Investment 20-60% Shares sector was replaced in third position by the Mixed Investment 40-85% Shares sector.

Trevor Greetham: Was October volatility a trick or treat?

According to Fundnetwork, the fact that North America sector made it to the fourth spot proves more cautious outlook from advisers and their clients.

It says: “The US is favoured due to its strong overall performance over the quarter, and its reputation as a historically defensive market makes it an attractive one.”

FundsNetwork head of sales Paul Richards says: “We continue to see advisers and their clients allocating towards strategies that aim to manage and mitigate volatility.”

“The markets faced significant headwinds in October, with uncertainty over Brexit and fears of US trade wars with China continuing, so it is unsurprising to see strong flows into more defensive assets in last month’s sales data.“


SJP chairman takes non-exec role at building society

St James’s Place chairman Iain Cornish has taken up a role as a non-executive director at Leeds Building Society. A stock exchange notice shows that Cornish was appointed to the position on Friday. Last month, SJP announced that current chair Sarah Bates would be stepping down with Cornish, who chaired the firm’s risk committee, taking […]


Graham Bentley: Factionalism is rearing its head in the advice industry

Those who sell their version of the truth, and deride all else in the process, are no less than fanatics The activity of financial advice is the process of maximising the purchasing power of an individual, family or enterprise. Its key features include organising the accumulation and protection of capital, organising clients’ affairs to legitimately […]

Tapering of annual allowance – adjusted and threshold income

The definitions of adjusted income and threshold income used to determine whether, and to what extent, someone’s annual allowance will be reduced can be confusing.  Here we try to make sense of it all. The annual allowance will be reduced for high income individuals from 6 April 2016.  Our previous article Tapering of annual allowance […]


Carl Wallis: Why advisers should be thankful for the FCA

Troubles in Australia just go to show how far the relationship has come between UK firms and their regulator It is always interesting to compare our experience in the UK financial services market with those overseas, which is why I have been following developments in Australia’s Financial Services Royal Commission with interest. The commission, the […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm