Advisers double down on defensives; FundsNetwork sales data reveals

The Global sector recaptured the top sport in January, according to the latest data from FundsNetwork

While the Global sector topped the sales charts in January, last month saw advisers continuing to allocate heavily towards more defensive assets. This was evidenced by the make-up of the top ten bestselling sectors which featured two of the Mixed Investment sectors, the Volatility Managed sector, the Short Term Money Market sector and various fixed income sectors.

Just as in December, the Fidelity Cash Fund was revealed to be the overall bestselling fund on FundsNetwork in January. This, was also mirrored within the ISA which further underlines how adviser and client sentiment continues to remain cautious in 2019.

In the FundsNetwork Pension, there was evidence that this cautious sentiment was extending to and impacting long-term asset allocation decisions, with several cash and gold funds featuring amongst the pension bestsellers last month. 

Paul Richards, Head of Sales at FundsNetwork, comments: “While the start of 2019 offered some respite after a turbulent end to 2018, it’s apparent from our latest sales data that advisers and their clients continue to tread cautiously when it comes to their investment decisions.

“With 2019 likely be punctuated by ongoing political and market uncertainty, we expect advisers and their clients to continue to allocate towards defensive assets as well as investments that offer diversification benefits this year.”

Top 10 adviser sales by sector via FundsNetwork

Rank Sector Name
1 Global
2 Mixed Investment 40-85% Shares
3 Volatility Managed
4 Short Term Money Market
5 £ Strategic Bond
6 Mixed Investment 20-60% Shares
7 Global Bonds
8 Japan
9 UK Index Linked Gilt
10 Global Emerging Markets

Top 10 adviser sales by fund via FundsNetwork

Rank Fund Name
1 Fidelity Cash Fund
2 Vanguard LifeStrategy 60% Equity Fund
3 Fidelity Index World Fund
4 Vanguard LifeStrategy 40% Equity Fund
5 Fundsmith Equity
6 Legal & General Cash Trust
7 Lindsell Train Global Equity Fund
8 LF Lindsell Train UK Equity Fund
9 Artemis Global Emerging Markets
10 AXA Framlington Managed Income

Pension bestsellers through FundsNetwork

Rank Fund Name
1 Artemis Global Emerging Markets
2 Vanguard LifeStrategy 60% Equity Fund
3 AXA Framlington Managed Income
4 Fundsmith Equity
5 iShares Physical Gold ETC
6 Vanguard LifeStrategy 40% Equity Fund
7 Baillie Gifford Japanese
8 Fidelity Cash Fund
9 Royal London Cash Plus Fund
10 BlackRock ICS Sterling Liquidity Fund

ISA bestsellers through FundsNetwork

Rank Fund Name
1 Fidelity Cash Fund
2 Vanguard LifeStrategy 40% Equity Fund
3 Vanguard LifeStrategy 60% Equity Fund
4 LF Lindsell Train UK Equity Fund
5 Lindsell Train Global Equity Fund
6 Fundsmith Equity
7 L&G Sterling Corporate Bond Index
8 Baillie Gifford Strategic Bond
9 Legal & General Multi-Index 4 Fund
10 Vanguard FTSE Developed World EX UK Equity

Source: FundsNetwork net sales data for January 2019

Notes to Editors:

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