Investor demand for equity and bond funds cooled last month, with just one of the 10 most popular IMA sectors seeing a sales rise through Fidelity FundsNetwork in May.
While still the most popular selling sectors on the platform, Specialist and UK Equity Income fund sales each dipped 23% from April. Europe (ex UK) was the only sector in the top ten sales list to see an increase in May, with a 3% boost. The Balanced Managed sector saw the largest monthly decrease through FundsNetwork, with sales dropping 27%. Invesco Perpetual remained the most popular fund house for investors, with four of the 10 highest selling funds. Neil Woodford’s High Income fund was the most popular – followed by the Jupiter Merlin Income Portfolio, BlackRock UK Absolute Alpha ...
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