Cautious Managed sales boost on FundsNetwork

Cautious managed funds closed the gap on the top selling UK Corporate Bond sector on Fidelity FundsNetwork last month, seeing 11% of total inflows on the platform.

UK Corporate Bond was still the most poplar sector, 12% of inflows, with three funds from the sector on the platform's top ten selling funds. The top selling fund overall was the £5.1bn Invesco Perpetual Corporate Bond vehicle, managed by Paul Read and Paul Causer. It was followed by the Fidelity FundsNetwork ISA Cash Park and Neil Woodford's £8.9bn Invesco Perpetual High Income fund. In terms of performance over the month, however, the Asia Pacific ex Japan sector led with returns of just over 9%, according to Morningstar. This was followed by Global Emerging Markets, with returns of...