Income funds accounted for six of the top 10 best-selling funds for consumers in October, according to figures from The Share Centre.
1 Legal & General UK Index, 3.1%
2 Newton Asian Income, 4.92%
3 Newton Global Higher Income, 4.3% (as at 30 Sep)
4 Invesco Perpetual Monthly Income Plus, 6.53%
5 First State Global Emerging Market Leaders, 0.55%
6 Invesco Perpetual High Income, 3.83%
7 Jupiter Global Managed, 0.40%
8 M&G Global Dividend, 3.46%
9 Artemis Income, 4.70%
10 Aberdeen Emerging Markets, 0.50%
* figures as at 26 Nov
The Legal & General UK Index fund has retained it position as the best-selling fund in September. The tracker is a default option for child trust fund investors.
The £2.6bn Newton Income fund, managed by Jason Pidcock, and the £3bn Newton Global Income fund, managed by James Harries (pictured), were second and third on the list.
The £3.4bn Invesco Perpetual Monthly Income Plus fund was fourth on the list, with the First State Global Emerging Markets Leaders fund fifth.
Other income funds in the list included the £11.9bn Invesco Perpetual High Income fund, £3.9bn M&G Global Dividend and the £4.6bn Artemis Income fund.
The Share Centre head of investment research Andy Parsons says: “Our research shows that investor appetite for income remains high. Six of the top ten funds purchased during October have a specific income focus, as investors seek to plug the gaps created by diminishing savings interest rates. In addition, investors are unafraid to look far afield for this income, as Global and Emerging Markets funds make up a high proportion of our most popular funds.”