Advisers take a global perspective, as market outlook remains uncertain
Advisers continue to seek returns from around the world, with figures from FundsNetwork revealing the Global sector remained the most popular during July.
Fundsmith Equity was both the bestselling fund overall, and most popular choice for ISA investors last month, while Vanguard LifeStrategy 40% Equity Fund topped the list of bestselling pension funds.
Paul Richards, Head of Sales at FundsNetwork, comments: “Uncertainty seems to be something of a key theme for 2019, both politically and economically. Indeed, our research with NextWealth found that a quarter (25%) of advisers concerned by business challenges are worried about how stock market performance and geopolitical risk might impact upon investor behaviour*.
“The Global Sector has proven one of the most popular sectors throughout the year, offering opportunities to diversify and buffer portfolios against volatile markets. With the outlook for the remainder of the year similarly unpredictable, many advisers will be looking to weather the storm and reassure clients over the coming months.”
Top 10 adviser sales by sector via FundsNetwork
|3||Mixed Investment 40-85% Shares|
|4||£ Strategic Bond|
|5||Short Term Money Market|
|6||Mixed Investment 0-35% Shares|
|7||Mixed Investment 20-60% Shares|
|8||UK All Companies|
|9||£ Corporate Bond|
Top 10 adviser sales by fund via FundsNetwork
|2||FID FIF - Fidelity Cash Fund|
|3||Vanguard LifeStrategy 40% Equity Fund|
|4||LF Lindsell Train UK Equity Fund|
|5||Lindsell Train Global Equity Fund|
|6||Vanguard LifeStrategy 60% Equity Fund|
|7||Investec UK Special Situations|
|8||iShares Mid Cap UK Equity Tracker Fund|
|9||Investec Diversified Income Fund|
|10||CFP SDL UK Buffettology Fund|
Pension bestsellers through FundsNetwork
|1||Vanguard LifeStrategy 40% Equity Fund|
|2||iShares Mid Cap UK Equity Tracker Fund|
|3||Investec Diversified Income Fund|
|5||First State Asia Focus Fund|
|6||LF Lindsell Train UK Equity Fund|
|7||CFP SDL UK Buffettology Fund|
|8||Schroder Asian Alpha Plus A Inc|
|9||Lindsell Train Global Equity Fund|
|10||Legal & General Multi-Index 4 Fund|
ISA bestsellers through FundsNetwork
|2||LF Lindsell Train UK Equity Fund|
|3||Lindsell Train Global Equity Fund|
|4||Vanguard LifeStrategy 40% Equity Fund|
|5||Vanguard LifeStrategy 60% Equity Fund|
|6||FID FIF - Fidelity Cash Fund|
|7||Baillie Gifford Managed|
|8||Legal & General Multi-Index 5 Fund|
|9||Legal & General Multi-Index 4 Fund|
|10||Investec Diversified Income Fund|
Source: FundsNetwork net sales data for July 2019
For further information, please contact:
0203 986 2004
020 7961 4575
Notes to Editors:
* The research, ‘Business Challenges facing financial advisers,’ surveyed 206 advisers asking them what they consider to be the biggest business obstacles for their industry. Research conducted by NextWealth, December 2018]
Fidelity International offers world class investment solutions and retirement expertise. As a privately owned, independent company, investment is our only business. We are driven by the needs of our clients, not by shareholders. Our vision is to deliver innovative client solutions for a better future. We invest £235.5bn globally on behalf of clients in 26 countries across Asia-Pacific, Europe, the Middle East, and South America. Our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals. In addition to asset management, we offer investment administration and guidance for employer benefit schemes, advisers and individuals in several countries. We are responsible for £81.7bn in assets under administration. Data as at 30 June 2019.
Fidelity only offers information on products and services and does not provide investment advice based on individual circumstances, other than when specifically stipulated by an appropriately authorised firm, in a formal communication with the client.
Fidelity International refers to the group of companies which form the global investment management organisation that provides information on products and services in designated jurisdictions outside of North America. This communication is not directed at, and must not be acted upon by persons inside the United States and is otherwise only directed at persons residing in jurisdictions where the relevant funds are authorised for distribution or where no such authorisation is required.
Unless otherwise stated all products and services are provided by Fidelity International, and all views expressed are those of Fidelity International. Fidelity, Fidelity International, the Fidelity International logo and F symbol are registered trademarks of FIL Limited.
The Key Investor Information Document (KIID) for Fidelity and non-Fidelity funds is available in English and can be obtained from our website at www.fidelityinternational.com. The Prospectus for Fidelity funds may also be obtained from Fidelity. For non-Fidelity funds, the KIID and the Prospectus are also available from the fund provider directly.
Issued by Financial Administration Services Limited, authorised and regulated by the Financial Conduct Authority.
This material is for Investment Professionals only, and should not be relied upon by private investors.
Investors should note that the views expressed may no longer be current and may have already been acted upon.
FundsNetwork™ is Fidelity International’s adviser platform that provides advisers and their clients with access to a range of investment related services.
Launched in 2000, we have almost 20 years’ experience of helping independent financial advisers run efficient and profitable businesses, while serving the needs of their clients. We are committed to improving client experience at every stage of the advice process, through the development of a platform which offers flexibility and efficiency to support their changing needs.
The system, developed with Bravura Solutions, provides advisers with access to a broad set of product wrappers and investments, as well as enhanced administrative services. These include;
- Investments – over 5,000 assets from over 200 partners including Fidelity
- Funds – 3,557 funds (unit trusts, OEICs & SICAVs)
- Exchange Traded Products – 279 options
- Investment Trusts – 175 options
- Shares – the ability to invest in shares from the FTSE100, FTSE250, FTSE All-Share and FTSE AIM 100 and some shares from the ISEQ20 – 1,032 options
- ISA and Junior ISA
- Investment Account
- Pension trustee, Company and Trusts accounts
- Cash Management Account – allowing clients to hold cash outside of product wrappers
- International Bond – provided by Canada Life and giving access to platform fund range
- Tax and trust planning – including Bare Gift Trust, Bare Loan Trust, Discretionary Gift Trust, Excluded Property Trust and Discretionary Loan Trust
- Evolution and Estate Planning Bonds – provided by Utmost Ltd and giving access to our platform fund range
- Regular Withdrawal Plan – monthly, quarterly, semi-annual or annual payments available
- Model Portfolios and DFMs – advisers can create bespoke portfolios of up to 30 funds and use defined models where discretionary permissions exist
Any opinions expressed are made at the time of writing and can be subject to change without notification.