Advisers could continue to opt for funds in the mixed investment sector in order to protect their clients from volatility, FundsNetwork’s head of advisory services has said.
Jon Everill said: “It is apparent from our latest data that, in general, advisers and their clients are continuing to diversify their holdings through funds in the mixed investment sector, and, with the recent volatility caused by the Scottish referendum, this is understandable.
“With further political uncertainty potentially to come, this trend is likely to continue,” Mr Everill added.
Best-selling sectors on FundsNetwork in August
Rank | Sector Name |
1 | Mixed Investment 20-60% Shares |
2 | UK All Companies |
3 | Strategic Bond |
4 | UK Equity Income |
5 | Corporate Bond |
6 | Property |
7 | Global |
8 | Europe Excluding UK |
9 | Asia Pacific Excluding Japan |
10 | North America |
His comments came after FundsNetwork sales showed the Mixed Investment 20-60 per cent Shares sector held its position as the best-selling sector in August. What do you think?
Adviser view
Steven Pyne, partner of London-based Holden and Partners, said: “People might be slightly more cautious because of where the markets are. There is uncertainty, but, then again, there always is.”
