UK funds prove popular despite outflows

Mixed Investment 20-60% Shares remained the most favourable sector in May, accounting for 231% of the proportion of net sales. Four of the top 20 selling funds on the platform were also in the sector, including Invesco Perpetual Distribution, Henderson Cautious Managed, Jupiter Merlin Income Portfolio and HSBC Open Global DSave and publishistribution (see table below). Cofunds head of fund group relations Michelle Woodburn said: "The Standard Life Investments Global Absolute Return Strategy fund took the top spot in May as absolute return remained a key theme as advisers continue to s...