UK fixed interest funds continue to dominate the top spot on Skandia's fund platform, accounting for over a quarter of all sales during January.
Long term regular premium business means UK Equity funds are also continuing to sell well, claiming the second place spot. Meanwhile, cash/money market funds took the third spot as advisers and their clients continue to take a more conservative approach to asset allocation during volatile markets. In terms of individual funds, BlackRock Cash remains the best selling vehicle on the platform, as it was during 2008. According to Skandia, sales during January were dominated by offerings with lower risk ratings with only two equity funds (Invesco Perpetual High Income and Skandia Spectrum ...
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
