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Wealth tools drive shift to fixed interest

Skandia says high demand for fixed-interest investments in January was due partly to advisers using its asset-allocation tools to build lower-risk portfolios for clients.

Half of the top 10 selling funds on the Skandia MultiFunds platform in January were fixed interest, with M&G high interest topping the table. Skandia says investors have a reduced appetite for risk in current volatile markets. Strong inflows into Merrill Lynch gold & general and JP Morgan natural resources demonstrates there is also demand for exposure to commodities.

However, Skandia says the appearance of Allianz RCM Bric stars in fourth place shows that advisers are still looking for buying opportunities in the markets. Gartmore China opportunities was just outside the top 10 in 11th spot.

Head of investment marketing Graham Bentley says: “These market conditions demonstrate one of the key benefits of platform asset allocation tools which enable advisers to switch their clients’ investments into more appropriate portfolios rather than coming out of the market completely.

“We have seen significantly increased switch activity on all our platforms and anecdotal evidence suggests this is a measured asset allocation-based response to market conditions, rather than a kneejerk reaction that has often been the case in the past.”

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