Advisers diversify through Mixed Investment and global equities

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The dominance of the Mixed Investment sectors and global equities in recent fund sales suggests advisers are seeking to diversify.

Mixed Investment 20-60% Shares returned as the most popular sector in August, according to FundsNetwork, with the Vanguard LifeStrategy 40% Equity topping sales, while the Artemis Monthly Distribution also appears in the top 10.

Mixed Investment 40-85% Shares and Global were the second and third most popular sectors.

Head of sales at FundsNetwork Paul Richards says the data suggests diversification through asset class or geography continues as a key priority for advisors. 

“With the current geopolitical uncertainty showing no signs of abating, markets continue to remain on edge,” Richards says. “As such, we continue to expect advisory firms and their clients to continue to diversify and possibly de-risk their portfolios.”

There was also saw strong demand for fixed income with inflows into the Corporate Bond and Strategic Bond sectors.

Although no UK equity sectors featured in the top 10 most popular sales, Lindsell Train UK Equity received the third highest inflows from advisers and the Standard Life Investments UK Equity Unconstrained fund, managed by Wesley McCoy, also featured in the top 10.

Top 10 adviser sales by sector via FundsNetwork

Rank

Sector Name

1

Mixed Investment 20-60% Shares

2

Mixed Investment 40-85% Shares

3

Global

4

£ Corporate Bond

5

£ Strategic Bond

6

Global Emerging Markets

7

Europe Excluding UK

8

Japan

9

Mixed Investment 0-35% Shares

10

North America

Top 10 adviser sales by fund via FundsNetwork

Rank

Fund Name

1

Vanguard LifeStrategy 40% Equity 

2

Vanguard US Equity Index

3

CF Lindsell Train UK Equity

4

Vanguard LifeStrategy 60% Equity

5

Standard Life Investments UK Equity Unconstrained

6

Fundsmith Equity

7

AXA Global Short Duration Bond

8

Artemis Monthly Distribution

9

Jupiter Financial Opportunities

10

Legal & General UK Property Trust