The platform’s monthly sales figures for October show IMA Mixed Investment 20-60% Shares remained the bestselling sector among advisers, followed by the £ Strategic Bond, £ Corporate Bond, UK Equity Income and UK All Companies sectors.
Completing October’s top-ten bestselling IMA sectors were Global, Asia Pacific Excluding Japan, North America, Mixed Investment 40-85% Shares and Global Equity Income.
The IMA Absolute Return sector was the seventh bestselling area in the previous month but failed to make it into the top-ten in October. Figures from the IMA also show absolute returns funds achieved the highest sales over in September.
Paul Richards, deputy head of FundsNetwork, commented: “This month it appears that absolute return funds have fallen out of favour, as they dropped out of both the top ten sales and top ten sector list.
“Instead, we are seeing an increase in the use of multi asset and mixed investment funds to help advised clients maximise diversification.”
In terms of individual products, Fidelity MoneyBuilder Income Fund, Jupiter Merlin Income, Fidelity Strategic Bond, Invesco Perpetual High Income and Fidelity Multi Asset Strategic were the five most popular funds.
Two of September’s bestselling funds – Fidelity Multi Asset Strategic and Standard Life Global Absolute Return Strategy – dropped out of the top-ten ranking.
