Mixed Investment 20-60% dominates 2013’s first half

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The £4.8bn Jupiter Merlin Income Portfolio was the bestselling fund through Cofunds last month, as the IMA Mixed Investment 20-60% Shares sector remained popular with investors.

IMA Mixed Investment 20-60% Shares has now been the top selling sector on the platform for every month of 2013’s opening half, accounting for 94 per cent of net sales.

John Chatfeild-Roberts, Algy Smith-Maxwell and Peter Lawery’s Jupiter Merlin Income Portfolio was followed by another member of the sector – Paul Causer, Paul Read and Neil Woodford’s £2.4bn Invesco Perpetual Distribution fund – last month.

Cofunds head of commercial Graham Venn says: “The Mixed Investment 20-60% sector invests in a wide range of assets to spread and manage risk, whilst aiming to provide a good return through a combination of capital growth.

“The sector has continued to attract high inflows over the last six months of 2013 perhaps reflecting investors’ ongoing caution.”

James Harries’ £4bn Newton Global Higher Income fund occupies third place in Cofunds’ June sales ranking, followed by Stuart Rhodes’ £7bn M&G Global Dividend fund and Paul Marriage’s £582.8m Cazenove UK Smaller Companies fund.

Top 20 selling funds on Cofunds in June

Top 20 selling funds on Cofunds in June
  June Net Sales 2013

1

Jupiter Merlin Income Portfolio

2

Invesco Perpetual Distribution

3

Newton Global Higher Income

4

M&G Global Dividend

5

Cazenove UK Smaller Companies

6

First State Gbl Emerging Mkts Lead

7

Newton Asian Income

8

Cazenove UK Opportunities

9

Liontrust Special Situations

10

JPM US Equity Income

11

Henderson Cautious Managed

12

HSBC American Index

13

Marlborough Multi Cap Income

14

Jupiter Strategic Bond

15

SL Inv Global Absolute Ret Strategy

16

Vanguard US Equity Index

17

Newton Global Dynamic Bond

18

F&C MM Navigator Distribution

19

Old Mutual North American Equity

20

AXA Framlington UK Select Opps

Source: Cofunds