Mixed Investment Shares were popular with advisers once again in March, according to the latest sales trends on platform Cofunds.
The Mixed Investment 20-60% shares sector, formerly IMA Cautious Managed, accounted for 42% of net sales on the platform last month.
The Cazenove MM Diversity fund, managed by Marcus Brookes, was the best-selling fund.
"Mixed Investment Shares, particularly the 20-60% share sector, continued to attract the highest inflows last month reflecting investors' ongoing caution," said Cofunds head of fund group relations Michelle Woodburn (pictured).
"However, there were pockets of interest in emerging markets, with solid performance from established players First State and Aberdeen."
Elsewhere Strategic Bond was the most popular bond sector, with 19% of net sales. The other bond sectors lagged, however, with Corporate Bond - the second most popular sector - pulling in just 9% of net sales.
Overall M&G enjoyed a stand-out month, with three of its funds featuring in the top five best-selling funds. Jupiter was also dominant, with two funds from its Merlin range making it into the top ten.
Top ten net sales on Cofunds in March
1 Cazenove MM Diversity
2 M&G Optimal Income
3 M&G Global Dividend
4 Jupiter Merlin Income Portfolio
5 M&G Strategic Corporate Bond
6 Newton Global Higher Income
7 Neptune Balanced
8 Jupiter Merlin Growth Portfolio
9 SL Inv Global Absolute Ret Strategy
10 Premier Multi-Asset Distribution
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