balanced funds top sales board

The Mixed Investment 20-60% Shares Sector has dominated the sales leader board for the first six months of the year, according to Cofunds, with Jupiter Merlin Income and Invesco Perpetual Distribution hauling the lion’s share of investor cash in June.

balanced funds top sales board


John Chatfeild Roberts’ Jupiter Merlin Income was the top-selling fund on Cofunds for the month of June, followed by the Invesco Perpetual Distribution Fund managed by Paul Read, Neil Woodford and Paul Causer.

The remainder of the five best-selling funds in June comprised two income funds – James Harries’ Newton Global Higher Income and Stuart Rhodes’ M&G Global Dividend – and the Cazenove UK Smaller Companies Fund, run by Paul Marriage and John Warren.

Graham Venn, head of commercial at Cofunds, said: “The Mixed Investment 20-60% Sector invests in a wide range of assets to spread and manage risk, while aiming to provide a good return through a combination of capital growth.

“The sector has continued to attract high inflows over the past six months perhaps reflecting investors’ ongoing caution. The same sector also topped the leaderboard early last year for five out of six months.”

The Jupiter Merlin Income Fund was launched in 1992 and now has £4.8bn in AUM. It has top quartile returns over three and five years.

The graph below illustrates its three-year performance versus the sector.




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