Intermediary investments in overseas markets through the Cofunds platform have hit an all-time low. ...
Intermediary investments in overseas markets through the Cofunds platform have hit an all-time low.
The 20 best-selling funds on the online platform over the first six months of the year were all domestic-facing portfolios and 18 of those were income-generating vehicles.
Credit Suisse Income was the most popular investment, followed by Liontrust Income, the same as over the equivalent period last year.
Fidelity Special Situations, one of only two growth objective vehicles in the top 20, was the fourth best seller. Fidelity funds were not available via Cofunds until the end of last year and Special Situations is the group's only entrant into the list.
Artemis has also seemingly fallen out of favour with intermediaries, judging by Cofunds' figures. The group had no funds among the best sellers, compared to six over the same period last year, four of which were in the top 10.
Among the new entrants were New Star Fixed Interest in fifth, Jupiter Distribution at eighth, which were not available last year, and Invesco Perpetual Income and Rathbone Income.
Rodney Aldridge, sales and marketing director at Cofunds said: 'Clearly investor confidence for more speculative investments had yet to return. We have seen the majority of investors looking closer to home in the first half of this year, with the top 20 funds by sales all being UK portfolios.'
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