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M&G tops platform fund choices during the second quarter

M&G funds dominated the best-selling products on platforms during the second quarter, with the M&G Optimal Income fund remaining at the top for a second consecutive quarter.

The latest Platforum Adviser Platform guide reveals the M&G Optimal Income fund was joined at the top by sister funds M&G Strategic Corporate Bond and M&G Corporate Bond also among the top five.

Also in the top 10 funds, compiled by data provider Touchstone Platform, was the M&G Global Dividend fund.

The top five, which remained unchanged quarter-on-quarter was completed with Neil Woodford’s Invesco Perpetual High Income fund and the Jupiter Merlin Income Portfolio.

The Newton Global Higher Income, Paul Causer & Paul Read’s Invesco Perpetual Corporate Bond, the Aberdeen Emerging Markets and Invesco Perpetual Monthly Income funds.

Top 10 best-selling IFA funds via platforms

  1. M&G Optimal Income

  2. M&G Strategic Corporate Bond

  3. Invesco Perpetual High Income

  4. M&G Corporate Bond

  5. Jupiter Merlin Income Portfolio

  6. Newton Global Higher Income

  7. M&G Global Dividend

  8. Invesco Perpetual Corporate Bond

  9. Aberdeen Emerging Markets

  10. Inveco Perpetual Monthly Income

Source: Touchstone Platform/The Platforum

Despite the prevalence of M&G and other notable inclusions in the top ten funds, the guide revealed 42 per cent of financial advisers have no fund manager preference.

The Platforum’s head of adviser platforms Freddie Findlater says: “Alongside the 42 per cent of advisers who hold no fund manager preference, we have also been tracking the steady decline of those advisers picking funds via platforms.

“We are currently in a transitional phase of the decision-making process for investment decisions and management from advisers to model portfolio managers and discretionary fund managers, for example. Household name asset managers like M&G, Jupiter and Invesco appear to benefit from this at the moment.”

Total adviser platform assets during the second quarter reached £191.5bn, rising by 0.6 per cent from the £190.3bn reported during the first quarter.

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