The most unusual feature of the list of top-20 selling funds through Skandia is probably the inclusion of the M&G High Interest fund. In Britain, unlike America or parts of Europe, money market funds are not generally popular.
Otherwise the list is similar to other platforms and earlier lists from Skandia. Funds investing in Britain – including bond, equity income and UK All Companies funds – dominate. The only mainly foreign funds on the list are Fidelity European (profiled opposite) and JPMF Natural Resources.
Four funds have left the top 20 since Fund Strategy (January 17, 2005) ran a list of Skandia’s best-selling funds in 2004: Credit Suisse Income, Fidelity American, Gartmore China Opportunities and Skandia Cautious. They are replaced by Artemis High Income, JPMF Natural Resources, M&G High Interest and Invesco Perpetual Monthly Income Plus.
The groups with the largest number of funds in the list are Invesco Perpetual with four, Fidelity with three and Rathbones with two. Otherwise products are widely spread with funds from Aberdeen, Artemis, Investec, Liontrust, JPMF, New Star, Newton, M&G, Skandia and Schroders.
Among the largest funds, Fidelity Special Situations has crossed the 5bn threshold, according to figures provided by Lipper. Invesco Perpetual High Income, the second largest fund, is substantially further behind with just over 4bn of assets. The best-performing of the largest funds is Fidelity European with a rise of 40.5% over the year to July 16. The worst-performing are Halifax Corporate Bond and Legal & General Fixed Interest, both with rises of 10.4%.