Henderson Property tops September’s most popular funds

Henderson UK Property Oeic was the most popular fund for advisers in September, in a list dominated by income funds, according to FE data.

The £3.8bn property fund has returned 3.55 per cent above the IA Property sector so far this year, helping its popularity.

Standard Life Investments’ GARS strategy came second in the most popular list. Morningstar data revealed yesterday that SLI’s GARS fund was the only of the top 10 largest funds in Europe to see net inflows last month.

The popularity of the GARS fund shows advisers are not put off by the capacity warning issued by Morningstar last month, where senior manager research analyst Randal Goldsmith argued that the fund’s £40bn in assets was starting to affect fund performance.

More than half of the funds in FE’s top 10 most popular list had an income tilt, including Woodford’s Equity Income fund, Invesco Perpetual High Income, Newton Global Income, M&G Optimal Income and Artemis Income.

“Last month was far from calm waters in the investment markets, with worries over China’s slowdown, speculation over a pending interest rate rise and not to mention the Volkswagen emissions cheating scandal all taking their turn to worry investors and prompting frenzied sell-offs,” says FE.

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