Targeted absolute return funds are May’s best sellers. Global equity funds still best ‘region’

3rd July 2013

Targeted absolute return funds were the best selling mutual funds in May garnering £255m of sales according to the Investment Management Association’s latest figures.

This is the second time this sector has been the best-seller in 2013 with March being the first best-selling month this year.

The Mixed Investment 20-60% Shares sector was the second best-selling sector with net retail sales of £231 million.

The Sterling strategic bond sector was the third best-selling sector with net retail sales of £222 million, well above its average for the last 12 months of £127 million. Global equity income was the fourth best-selling sector with net retail sales of £172 million. Global emerging markets was the fifth best-selling sector with net retail sales of £171 million. The worst-selling sector for May 2013 was UK All Companies with a net outflow in retail sales of £102 million.

Region Net retail sales in May 2013 Average net retail for previous 12 months
 Global  £351 million £344 million
North America  £146 million £11 million
UK  £102 million -£61 million
 Asia £89 million £71 million
Europe £75 million £55 million
Japan £18 million -£6 million

 

In terms of geographical ‘region’, global equity funds remain the best-sellers by far with net retail sales of £351 million in May 2013. This has consistently been the best-selling for equity funds since June 2012 says the IMA.

North America was the second best-selling sector with net retail sales of £146 million in May 2013 – well above its average of £11 million over the previous 12 months and the highest for the region since March 2011 (£153 million).

UK equity funds were the third best-sellers with net retail sales of £102 million.

IMA Sector Rankingin May 2013 Net retail salesin May 2013 Rankingin Apr 2013 Asset Class
Targeted Absolute Return 1 £255 million 3 Other
 Mixed Investment 20-60% Shares 2  £231 million 2 Mixed Asset
£ Strategic Bond 3  £222 million 3  Fixed Income
Global Equity Income 4  £172 million 6 Equity
Global Emerging Markets 5  £171 million 9  Equity

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