View more on these topics

Best in show

Adviser Fund Index

Shifts in the Adviser Fund Index panellists’ portfolio recommendations following the rebalancing on May 1 provide useful insights into the current popularity of fund management groups.

The aggregated panellists’ allocations to funds managed by certain groups have altered significantly across all three indices.

Within the Aggressive AFI, while Artemis and Invesco Perpetual are still the two best-represented groups, panellists’ allocations to Jupiter funds have risen significantly while three Axa Framlington funds were dropped.

Merrill Lynch has also climbed strongly up the rankings with the addition of Merrill Lynch European dynamic and Merrill Lynch UK absolute alpha to the riskiest AFI.

M&G funds significantly gained popularity among panellists’ Balanced portfolio recommendations, with M&G smaller companies and M&G strategic corporate bond both entering the index from May 1. Artemis, New Star and Invesco Perpetual remained the three best-represented fund groups in the Balanced index, with M&G rising to fourth place.

Schroders moved down the table after the panellists dropped Schroder European and Schroder Japan alpha from the index.

The increased popularity of Jupiter and Merrill Lynch within the Aggressive index was also replicated in the Cautious AFI – both groups had two funds added.

Standard Life and Artemis remain among the three best-represented groups in the index, while overall weightings to Invesco Perpetual funds have reduced significantly.

Jupiter has climbed to second place. As previously reported in Money Marketing, Anthony Bolton’s Fidelity Special Situations fund was another casualty, falling out of the Cautious index.

The table below shows the 20 best-represented fund management groups across all three AFIs, with Artemis, Invesco Perpetual and Jupiter topping the rankings. Companies are ranked according to a weighted factor reflecting both the number of instances of funds from a particular group across the three AFIs and the total weighting that the group’s funds make up of all three indices.

The recent global equity market correction has continued to affect performance of all three AFIs. The previous pattern of the Aggressive index posting the strongest performance and the Cautious AFI lagging behind the other two indices has reversed as a result of falls in global stockmarkets.

Recommended

Trusts still have IHT role

Interest in possession trusts within discounted gift trusts should not be ruled out despite concerns over their use as inheritance tax planning vehicles, says Skandia. HMRC recently clarified its stance on the tax treatment of DGTs set up after March 22 and Skandia says advisers do not need to sacrifice the flexibil-ity of IIP trusts […]

Correspondent’s week

This week by former Money Marketing investment reporter Matt Davis

White heat

The Government’s White Paper proposals do not bode well for advisers

Towry Law sells GI and healthcare arms

Towry Law JS&P Group has sold its general insurance and healthcare arm, Towry Law Insurance Brokers to Broker Network Holdings and a consortium of TLIB directors for £12.5m.Towry Law JS&P Group says the GI arm is not core to its business model and says it will now focus on offering independent financial and wealth management […]

2016 Global Survey of Individual Investors: How is investor behaviour rewriting the job description for financial professionals?

Trapped between expectations for near double-digit returns and strong apprehensions about investing in persistently volatile markets, investors worldwide are of the opinion that professional financial advice is worth the fee. But even though they believe individuals who work with a financial professional are more likely to achieve their goals, investors have a clear vision of […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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 advice.

    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

    Email: customerservices@moneymarketing.com