Cautious Managed was the most popular IMA sector on FundsNetwork in June, with the Jupiter Merlin Income Portfolio fund the top-selling product.
Invesco Perpetual Distribution also helped prop up the Cautious Managed sector.
The strong showing of Cautious Managed, which has benefited from the popularity of multi-manager solutions in the run up to the Retail Distribution Review (RDR), mirrors its dominance on the Cofunds platform where it grabbed 32% of net sales in June.
Elsewhere, bond funds proved popular on FundsNetwork last month, with Strategic Bond the third top-selling IMA sector and UK Corporate Bond the fifth most popular.
Fidelity's MoneyBuilder Income fund, sitting in the Sterling Corporate Bond sector, also sold well, as did M&G Optimal Income.
Global Growth funds were also in high demand on FundsNetwork in June, with the sector managing a fourth-placed ranking.
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