Sectors that provide geographical or asset class diversification dominated fund sales through Fidelity FundsNetwork in September, as investors looked for protection from geopolitical risks.
The Investment Association's Global sector claimed top spot in September, narrowly beating the IA Mixed Investment 40-85% sector. Other diversifying sectors also saw strong demand with the IA Volatility Managed and IA Mixed Investments 20-60% sectors coming third and fifth place respectively. Defensive sectors were also in demand with the IA Strategic Bond, Short Term Money Market, Corporate Bond and Global Bonds sectors all in the top ten last month. Paul Richards, head of sales at FundsNetwork, said geopolitical risks such as Brexit and escalating trade tensions between the US an...
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