No IMA sector was able to generate an average positive return in September, with a flat result for the Money Market category providing the only respite from last month's stock turmoil.
The Money Market sector’s 0% return led a 0.36% decline for UK Gilt and 2.36% dip for Guaranteed/Protected vehicles (Morningstar figures). Fidelity FundsNetwork September stats showed UK Equity Income was still the most popular sector, but its share of sales dived 33% on August. UK All Companies was next, followed by the Specialist sector. Skandia Q3 stats also released today showed UK equity funds were the most popular on its Selestia Investment Solutions platform. The best selling funds on FundsNetwork in September across all channels and wrappers were the consistent investor favourit...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
