Cautious Managed tops sales on FundsNetwork

Invesco Perpetual Distribution also helped prop up the Cautious Managed sector. The strong showing of Cautious Managed, which has benefited from the popularity of multi-manager solutions in the run up to the Retail Distribution Review (RDR), mirrors its dominance on the Cofunds platform where it grabbed 32% of net sales in June. Elsewhere, bond funds proved popular on FundsNetwork last month, with Strategic Bond the third top-selling IMA sector and UK Corporate Bond the fifth most popular. Fidelity's MoneyBuilder Income fund, sitting in the Sterling Corporate Bond sector, also sold...