The IMA UK Corporate Bond sector has remained a firm IFA favourite taking 17% of total advised sales during May, according to Fidelity FundsNetwork's monthly figures.
The UK Equity Income and UK All Companies sectors followed with 11.5% and 10% of total sales, respectively, while Cautious Managed also saw 10%. However, average returns for the Corporate Bond sector did not fall within the top ten, hitting only 3.3% over the month, while UK Equity Income saw just 2.69%. Similarly UK All Companies was only the tenth best performing sector with returns of just over 3%. In contrast, the Global Emerging Markets and Sterling High Yield sectors, which did not feature in the top ten selling funds, saw returns of over 7% for the month. "The UK Corporat...
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