Advisers double down on defensive assets

Fixed income and cash funds crept up the bestseller’s list on the Funds Network platform last month, suggesting advisers are contuing to move towards defensive allocations.

The Volatility Managed sector, the Short Term Money Market sector and various fixed income sectors all featured in the top 10 sectors by adviser sales in January.

Fidelity says that the fact its cash fund was the overall bestseller highlights a continuing cautious sentiment among financial planners.

This filtered through to both Isa and pension wrappers, and the Funds Network pension saw several cash and gold funds featuring in its bestsellers.

Funds Network head of sales Paul Richards says: “While the start of 2019 offered some respite after a turbulent end to 2018, it’s apparent from our latest sales data that advisers and their clients continue to tread cautiously when it comes to their investment decisions.

“With 2019 likely be punctuated by ongoing political and market uncertainty, we expect advisers and their clients to continue to allocate towards defensive assets as well as investments that offer diversification benefits this year.”

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There is one comment at the moment, we would love to hear your opinion too.

  1. Cash is hardly a great place to be with a bounce back just around the corner, albeit no one can know just how far. By the time recovery becomes apparent, you’ll have missed the first 10% of it. Better, I suggest, to buy in by instalments.

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