The mixed investment 20-60% shares sector topped adviser sales in December, with the 40-85% shares sector following closely behind, according to data from the Fidelity FundsNetwork platform.
Strategic bonds came in third in the top 10 sales chart by Investment Association sector, in the final month of 2017. December also saw a rise in popularity of more defensive assets, with the short term money market and corporate bond sectors seeing strong flows in the month. A similar trend was apparent for the overall bestselling funds and the ISA bestsellers for December, with a number of mixed asset and fixed income funds appearing in each of the top ten. In the FundsNetwork Pension, advisers and clients appeared to adopt an even more cautious approach seen by the number of cas...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes