July money flows through Cofunds’ institutional service show that UK All Companies was the best all round sector last month, coming top for net inflows from the wealth manager and execution only channels.
Product providers (accounting for the underlying collectives within their pension, bond and SIPP wrappers) favoured Balanced Managed in July, with this sector rising four places from June to claim the top spot, taking the place of Cautious Managed. UK All Companies came fourth for net inflows from product providers.
Christopher James, Director (pictured), Institutional Services at Cofunds says: “UK All Companies secured the top spot in both wealth manager and execution only categories, as well as being the fourth selling sector for product providers.
“In the product providers sector, M&G funds dominated net sales, accounting for six out of the top 20 funds, compared to only four in June. For execution only clients, Invesco Perpetual lost its hold on the sector, with no dominant provider in this category.”
