The platform’s latest sales figures show IMA Mixed Investment 20-60% retook its place as the bestselling sector last month, after taking 32% of net sales and knocking IMA Strategic Bond off the top spot.
The search for income was also evident in October, with the Global Equity Income sector accounting for 16% of sales and Global Bond funds taking 11%. The North American sector saw net retail sales hit 9% of the total.
In addition, some sectors which investors have shunned over the year to date – such as UK All Cap, UK Equity Income and Europe – benefitted from an easing in outflows during the month.
Jupiter Merlin Income Portfolio was Cofunds’ bestselling individual product in October, followed by the Invesco Perpetual Distribution, M&G Optimal Income, M&G Global Dividend and Newton Global Higher Income funds.
The bestselling ten funds last month are completed by Standard Life Investments Global Absolute Return Strategy, Threadneedle American, HSBC Open Global Distribution, M&G Strategic Corporate Bond and Cazenove Multi Manager Diversity.
Michelle Woodburn, head of fund group relations at Cofunds, said: “October has shown early signs of the volatility stabilising since Q3.
“The sectors which have been out of favour this year such as UK All Cap, UK Equity Income and Europe have seen outflows stemming somewhat and some funds in these sectors are now doing well.”
