Artemis took the lion's share of intermediary money invested through the Cofunds platform last year....
Artemis took the lion's share of intermediary money invested through the Cofunds platform last year.
The UK equity specialists took in 10.11% of all Cofunds' inflows in 2002, well ahead of Credit Suisse in second place, which enjoyed an 8.42% share. Jupiter, Invesco Perpetual and Newton made up the top five most popular groups, with Aberdeen sixth with a 5.19% share.
Credit Suisse's success was largely underpinned by Bill Mott's Income fund, which proved the most successful with Cofund's intermediary user base last year. Mott's Monthly Income fund weighed in at sixth place.
Seven of the top 10 money taking funds were income generating vehicles, with Liontrust First Income the second most popular fund, pushing the boutique into ninth place in the top 10 money taking fund groups.
Despite the obvious popularity of income generating funds in the current market environment, only one bond fund, Aberdeen Fixed Interest in third place, made into the top 10 best sellers. Now moving to New Star, this fund was one of four in the top 10 to have changed hands or manager in recent months, along with HSBC Growth & Income in fourth place and the former ABN Amro UK Select Opportunities and Equity Income funds in eighth and ninth place.
The fund most bought through Cofunds in 2001, Roger Guy's Gartmore European Selected Opportunities, slipped to fifth place but remained the most popular growth fund.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till