Bond popularity powers retail sales in Q1

Invesco Perpetual’s Tactical Bond fund, run by Paul Causer and Paul Read, attracted just shy of £150m in its initial launch period, according to Lipper’s Quarterly Snapshot of UK Trends. Meanwhile, M&G’s best seller was flexible bond fund Optimal Income with its Strategic Corporate Bond also gaining significant interest. The success of its equity funds, such as its flagship Recovery vehicle, also helped propel it to the top of the sales chart on £930.3m. BlackRock was second in terms of net retail sales and third on the gross sales chart. It was one of the few major groups to see its Q1 ...