UK equity income continues to lead FundsNetwork bestsellers list

The UK equity income sector has retained the top position for August as investors continue to opt for defensive assets, FundsNetwork sales data shows.

Property, mixed investment sectors and targeted absolute returns were also among the best sellling asset classes for August through the FundsNetwork platform.

However, the UK equity income sector sales success was not driven by increased inflows, suggesting investors have maintained a diverisfied asset allocation during the summer market turmoil.

The Woodford Equity Income fund, however, stays on top of the FundsNetwork ranks for bestselling funds, followed by the Schroder Tokyo fund and the Artemis Global Income fund.

Additionally, within the FundsNetwork Pension bestsellers, the Fidelity Index UK and Fidelity Index US remained in the top ten bestsellers list as investors’ demand for passives continued despite market volatility.

Fidelity Worldwide Investments recently announced that it will slash the ongoing charges on its index range, now starting at 0.06 per cent for the Fidelity Index UK fund.

Fidelity Worldwide Investment Danny Wynn head of fund partners says“In August, we witnessed some of the worst market volatility since the eurozone crisis of 2011. Understandably, this led to a continued defensive mindset amongst advisers and their clients and we once again saw defensive assets dominate sales on FundsNetwork.”

Top 10 adviser sales by fund via FundsNetwork

Rank Fund Name

1

Woodford Equity Income Fund

2

Schroder Tokyo Fund

3

Artemis Global Income Fund

4

Premier Multi-Asset Distribution fund

5

Fundsmith Equity Fund

6

Standard Life Investments Global Absolute Returns Strategy

7

Old Mutual UK Mid Cap Fund

8

Henderson UK Property Unit Trust

9

JOHCM Japan Fund

10

Fidelity Emerging Markets Fund