Investment trusts riding high in J.P. Morgan platform bestseller list
The latest monthly sales figures from J.P. Morgan Asset Management's online investment platform, WealthManager+, show more than half of the top 10 funds based on December 2012 net inflows were investment trusts. However, US equities remained the most popular choice both in December and for 2012 as a whole.
The platform offers funds and investment trusts from J.P. Morgan Asset Management (JPMAM) and more than 25 external managers, which investors can hold in an Investment Account, Individual Savings Account (ISA), Junior ISA or Self Invested Personal Pension (SIPP).
As in the prevous month, the three overall top-selling funds were JPM US, Allianz Brazil and JPM US Smaller Companies. However, in a marked change from November when just two investment trusts made the overall top 10, in December six J.P. Morgan-managed trusts made the list, with the most popular being the UK small- and mid-cap income specialist Mercantile Investment Trust.
Looking at the top 10 third-party funds, another investment trust - Fidelity China Special Situations - also made the list. December's third-party fund chart bore little resemblance to November's, with only Allianz Brazil and Invesco Perpetual European High Yield still in the top 10. Income remained a popular choice but the funds suggested a move up the risk spectrum, with new entrants to the top 10 including Henderson Asian Dividend Income and Schroder Asian Income in place of the Invesco Perpetual Income and High Income funds.
Keith Evins, Head of UK Funds Marketing at J.P. Morgan Asset Management, said: "Looking across 2012, it is clear that the private investors who use our J.P. Morgan WealthManager+ platform have not been sticking to the ‘safe' options. The preponderance of Asian, Latin American and global emerging markets funds suggests investors are willing to take on a bit more risk in the search for above-inflation returns, and this is also borne out in the shorter term figures."
J.P. Morgan WealthManager+
The J.P. Morgan WealthManager+ online platform allows customers to access a number of financial planning tools, such as the financial health check and a tool to evaluate attitude to investment risk to help with investment decisions. It is ideal for investors who want to take control of their financial future, offering a wide selection of investments, including OEICs, SICAVs and investment trusts from J.P. Morgan as well as funds from other leading fund managers, UK equities and ETFs. Investments can be held in an ISA, Junior ISA, SIPP or directly in an Investment Account.
For more information, visit jpmorganassetmanagement.co.uk.