Three of Neil Woodford's Invesco Perpetual funds are in the top 10 best selling products through Fidelity's FundsNetwork for the first half of 2007.
Woodford’s Invesco Perpetual High Income was the best selling fund pushing Invesco Perpetual Income into second. His Monthly Income Plus offering was also among the best sellers.
Jupiter’s Income trust and Merlin Income Portfolio and Artemis Income also figured highly.
According to the Fidelity statistics, the specialist category was the most popular sector, closely followed by UK equity income for the period to the end of June.
Property funds were also popular, including vehicles from Norwich Union, New Star and Standard Life all in the top 10.
The UK All Companies sector was placed third in the sector rankings, while Schroders UK Mid 250 fund was the sole non-income focused equity fund in the best sellers.
Rob Fisher, head of sales and marketing at FundsNetwork, says the statistics are revealing.
“The top ten selling sectors show that advisers are favouring a diversified approach to their client’s portfolios,” he says.
“As the specialist sector remains the most popular individual sector, and with three property funds in the top ten, it appears that the popularity of property as an asset class is still a significant feature of the market.
“UK equity income funds are also proving to be very popular so far this year – with six in the top ten.
“However, noticeably this analysis shows that fixed income has lost ground relatively speaking, and Europe has returned to the top five.”
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