Cofunds reveals the most popular funds in October

John Chatfeild Roberts 450 Index

The Jupiter Merlin Income portfolio has retained its position as the bestselling fund in October, according to the latest figures from Cofunds.

October 2012 Net Sales
1 Jupiter Merlin Income Portfolio
2 Invesco Perpetual Distribution
3 M&G Optimal Income
4 M&G Global Dividend
5 Newton Global Higher Income
6 SLI Global Absolute Return Strategy
7 Threadneedle American
8 HSBC Open Global Distribution
9 M&G Strategic Corporate Bond
10 Cazenove MM Diversity
11 Newton Asian Income
12 Newton Global Dynamic Bond
13 Invesco Perpetual Monthly Income
14 Fidelity Strategic Bond
15 Newton Real Return
16 Legal & General All Stk IL Gilt Ind
17 JPM US Equity Income
18 Jupiter Strategic Bond
19 Premier Multi-Asset Distribution
20 Liontrust Special Situations

Source: Cofunds

The £3.9bn fund, which is managed by John Chatfeild-Roberts (pictured), beat the £1.8bn Invesco Perpetual Distribution fund and the £9.6bn M&G Optimal Income fund. The top three remained unchanged from the bestsellers in September.

Other funds in the top 10 bestsellers included the £13bn Standard Life Global Absolute Return Strategies fund, the £411m HSBC Open Global Distribution fund and the £646m Cazenove Multi-Manager Diversity fund.

The Mixed Investments 20-60% Shares sector regained the top spot as the bestselling sector in October, replacing the Strategic bond sector.

The Global Equity Income, Global Bond and the North American sectors all proved popular on the platform in October, while the UK All Companies, Specialist and UK Equity Income sectors all saw outflows last month.

Cofunds head of fund group relations Michelle Woodburn says: “October has shown early signs of the volatility stabilising since Q3. The sectors which have been out of favour this year such as UK All Cap, UK Equity Income and Europe have seen outflows stemming somewhat, and some funds in these sectors are now doing well.”