Mixed asset sector dominates Cofunds’ sales

Jupiter’s Merlin Income Portfolio fund run by John Chatfeild-Roberts has topped the sales charts on the Cofunds platform in the first half of 2013.

The fund was followed by Invesco Perpetual’s Distribution fund, run by Neil Woodford, Paul Causer and Paul Read and the Newton Global Higher Income fund run by James Harries.

All three funds are members of the Investment Adviser 100 Club list of top performing funds.

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Elsewhere, the most popular sector for the first half of 2013 was the IMA Mixed Investment 20-60% Shares sector, which accounted for more than 94 per cent of net sales.

Graham Venn, head of commercial at Cofunds, said the sector has “continued to attract high inflows in the past six months of 2013 perhaps reflecting investors’ ongoing caution”.

“In comparison the same sector also topped the leaderboard early last year for five out of the six months.

“The North America sector secured some impressive inflows this month accounting for third place on the sales leaderboard with more than 21 per cent of net sales.”

June net sales on Cofunds
1Jupiter Merlin Income Portfolio
2Invesco Perpetual Distribution
3Newton Global Higher Income
4M&G Global Dividend
5Cazenove UK Smaller Companies
6First State Global Emerging Markets Leaders
7Newton Asian Income
8Cazenove UK Opportunities
9Liontrust Special Situations
10JPM US Equity Income
11Henderson Cautious Managed
12HSBC American Index
13Marlborough Multi Cap Income
14Jupiter Strategic Bond
15SLI Global Absolute Return Strategies
16Vanguard US Equity Index
17Newton Global Dynamic Bond
18F&C MM Navigator Distribution
19Old Mutual North American Equity
20AXA Framlington UK Select Opportunities