Cautious Managed was the top-selling sector on Cofunds in August as advisers continue to outsource investment decisions in the run-up to the RDR.
The sector accounted for 30% of net sales on the platform with Thames River Distribution, Henderson Multi-Manager Income & Growth and Jupiter Merlin Income Portfolio the key funds driving the sector's table-topping performance.
"Cautious Managed will continue to be very strong because it offers the perfect outsourcing solution allowing advisers to tick the RDR boxes of appropriateness for their clients," says Cofunds business development manager Michelle Woodburn (pictured).
Other Cautious Managed funds gaining traction include SWIP Multi-Manager Diversity, Aviva Cautious Fund of Funds and Aberdeen Multi-Manager Cautious Managed.
Cautious Managed accounts for 16% of fund assets on Cofunds.
Despite being top of the sales chart, there are signs the sector may have peaked with its 30% share of the spoils slightly down from July's figure of 32% and this year's average of 33%.
In second spot for the second consecutive month was Strategic Bond with nearly 10% of net sales, although this was slightly down on its year-to-date performance of 11%. M&G Optimal Income and L&G Dynamic Bond fund were the key funds in the sector.
In third spot, Absolute Return increased its share of net sales to 7%, just outselling Corporate Bond.
Property accounted for just under 5% of net sales in the month, down from its year-to-date share of 7%, with Woodburn noting there is still a lot of volatility in the sector amid ongoing economic fears.
Money Market funds, meanwhile, are in net outflow, losing 3.5% in August, with the sector suffering in a low interest rate environment.
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