The Jupiter Merlin Income portfolio was the biggest selling fund in August, according to the latest figures from Cofunds.
September 2012 Net Sales
1 Jupiter Merlin Income Portfolio
2 Invesco Perpetual Distribution
3 M&G Optimal Income
4 Standard Life Investments Global Absolute Return Strategy
5 M&G Global Dividend
6 Aberdeen World Equity
7 Newton Global Higher Income
8 Newton Real Return
9 Cazenove Multi Manager Diversity
10 Jupiter Strategic Bond
11 Newton Asian Income
12 M&G Strategic Corporate Bond
13 HSBC Open Global Distribution
14 AXA Framlington Managed Balanced
15 Premier Multi-Asset Distribution
16 First State Global Emerging Markets Lead
17 Fidelity Strategic Bond
18 AXA Framlington American Growth
19 Liontrust Special Situations
20 Threadneedle UK Equity Income
The £3.8bn fund, which is managed by John Chatfeild-Roberts (pictured), beat the £1.7bn Invesco Perpetual Distribution fund and the £9.6bn M&G Optimal Income fund.
Other funds in the bestsellers list included the £12.7bn Standard Life Global Absolute Return Strategies fund, the £2.9bn Newton Global Higher Income fund and the £550m Liontrust Special Situations fund.
Strategic bonds replaced the Mixed Investment 20-60% Shares sector as the most popular sector in September. The Global Equity Income and Absolute Return sectors also remained popular last month.
UK Equity Income, UK All Companies, Specialist, Europe-excluding UK and Property sectors all saw outflows last month.
Cofunds head of fund group relations Michelle Woodburn says: “After 37 consecutive months at the top, it was significant that Mixed Investment 20-60% Shares were finally moved from the number one spot by strategic bonds in September.
“As market volatility continued, it was also interesting to see a significant outflow in the UK Equity Income sector. This indicates that advisers are increasingly seeking their income from funds with global exposure. In support of the trend, high net sales were seen in the Global Equity Income sector.”