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Cofunds reveals January’s most popular funds

John Chatfeild Roberts 480
John Chatfeild Roberts

The Jupiter Merlin Income portfolio has retained its position as the best-selling fund in January, according to the latest figures from Cofunds.

Net Sales January 2013

1 Jupiter Merlin Income Portfolio
2 Newton Asian Income
3 SL Inv Global Absolute Ret Strategy
4 M&G Global Dividend
5 Newton Global Higher Income
6 Liontrust Special Situations
7 HSBC Open Global Distribution
8 Jupiter Strategic Bond
9 First State Gbl Emerging Mkts Lead
10 Invesco Perpetual Distribution
11 BlackRock European Dynamic
12 Kames High Yield Bond
13 M&G Optimal Income
14 Invesco Perpetual Monthly Income
15 Cazenove MM Diversity
16 Allianz US
17 Thames River Distribution
18 Premier Multi-Asset Distribution
19 Cazenove UK Opportunities
20 JOHCM UK Equity Income

The £4.3bn fund, which is managed by John Chatfeild-Roberts, beat the £3bn Newton Asian Income fund, with the Standard Life Global Absolute Return Strategy fund rounding off the top three.

The Mixed Investment 20-60% sector remained the most popular selling sector, with the £430m HSBC Global Open Distribution and £2bn Invesco Perpetual Distribution fund also among the top 10 sellers.

Other funds in the list include the £710m Liontrust Special Situations, £11.1bn M&G Optimal Income and £1.4bn JOHCM UK Equity Income funds.

Cofunds head of fund group relations Michelle Woodburn says: “The Mixed Investment 20-60% sector remained popular with advisers in the early part of 2013, whilst Strategic Bond funds still saw inflows.

“Elsewhere, North America attracted over 15 per cent of net sales in January, more than double the previous month’s figure, proving the popularity this sector is gaining with advisers. January also seemed to be a popular month for Global Emerging Markets, the sector hit a new record after accounting for 23 per cent of the proportion of net sales.”

Skerritt Consultants head of investments Andy Merricks says: “Funds from what is the former cautious managed sector have always been popular with investors so it is no surprise to see them topping the sales tables.”

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