Advisers shun rising Japanese equity funds

Data published this week from Fidelity FundsNetwork shows that although Japanese equities were the best-performing sector advisers fled to income-producing investments last month, mainly corporate bond funds which offered historic high yields of 9%. The top three best-selling funds through Fidelity FundsNetwork last month were: the Invesco Perpetual High Income fund; the Invesco Perpetual Income fund and the Invesco Perpetual Corporate bond. Meanwhile the best IMA sector returns in November (according to Morningstar) were: Japanese Smaller Companies (11%); Global Bond (5.29%); UK Gilt (...