Specialist sector holds on to top spot

Fidelity FundsNetwork has announced the top 10 best selling funds and sectors on the platform this year to date. Invesco Perpetual High Income Fund and the Specialist sector each rank as the number 1 best sellers in their respective categories, while UK Equity Income and Property Funds dominate the best selling funds in general.

The Specialist sector was also the best selling sector on Fidelity FundsNetwork in 2006 and has held its ground for both the first and second quarter of this year. The UK Equity Income sector also remains popular, while UK All Companies holds onto its 3rd place position.

UK Equity Income proves to be the dominant fund type in the top ten – with four funds taking up top ten positions. The remaining funds include three Property Funds, while Schroders UK Mid 250 Fund is the sole non-income focused equity fund in the best sellers.

Top 10 IMA Sectors and Best Selling Funds on Fidelity FundsNetwork:

Rank - IMA Category
1 Specialist
2 UK Equity Income
3 UK All Companies
4 Cautious Managed
5 Europe Excluding UK
6 UK Other Bond
7 UK Corporate Bond
8 Global Growth
9 Balanced Managed
10 Asia Pacific Excluding Japan

Rank - Fund Name
1 Invesco Perpetual High Income Fund
2 Invesco Perpetual Income Fund
3 Norwich Property Trust
4 New Star Property Unit Trust
5 Jupiter Income Trust
6 Invesco Perpetual Monthly Income Plus Fund
7 Schroder UK Mid 250 Fund
8 Jupiter Merlin Income Portfolio
9 Standard Life Select Property Fund
10 Artemis Income Fund

Richard Wastcoat, UK Managing Director, Fidelity International comments: “It’s very encouraging that the top ten selling sectors show that investors are favouring a diversified approach to their portfolios. With the Specialist sector holding onto the top spot, as well as having three Property Funds in the top ten, it appears that investors still see property –be it property securities funds or direct property funds - as a major destination for their money. UK Equity Income Funds are also proving to be very popular so far this year – with four funds in the top ten.”