Income and emerging funds dominated the top 10 best-selling funds for consumers in November, according to figures from the Share Centre.
1 Legal & General UK Index
2 Invesco Perpetual High Income
3 First State Global Emerging Market Leaders
4 Newton Asian Income
5 Legg Mason Japan Equity
6 Jupiter Global Managed
7 Threadneedle Monthly Extra Income
8 Invesco Perpetual Monthly Income Plus
9 First State Asia Pacific Leaders
10 M&G Strategic Corporate Bond
The Legal & General UK Index fund has retained its position as the best-selling fund in November. The tracker is a default option for child trust fund investors.
The £12.1bn Invesco Perpetual High Income fund, managed by Neil Woodford (pictured), was the biggest mover, rising to second in the list. The £3.2bn First State Global Emerging Markets Leaders fund, managed by Jonathan Asante and Glen Finegan, was third.
The appetite for Asia, global and emerging markets funds appears to be on the rise having accounted for five of the top-ten bestsellers. The £61m Legg Mason Japan Equity and the £6.6bn First State Asia Pacific Leaders funds were both new entrants in the top 10, while the £3.2bn Newton Asia Income and the £244m Jupiter Global Managed funds both remain popular choices for consumers.
Other income funds in the bestsellers list included the £141m Threadneedle Extra Monthly Income fund and the £3.5bn Invesco Perpetual Monthly Income Plus fund.
The Share Centre head of investment research Andy Parsons says: “As 2012 headed to a close, investor appetite remained high for income with five of the top 10 having income as their specific focus. As a theme, we believe this will continue throughout 2013 given the continuing low level of interest rates and the need to supplement lifestyles.
“In addition, investors have shown no fear of seeking opportunities from further afield as Asian, Global and Emerging Markets funds make up half of the top 10.”