Barclays Global Investors Liquidity First Fund most popular by assets invested in Barclays Stockbrokers Funds Market in June. Money Market and Specialist sectors dominate fund sales.
Barclays Stockbrokers, 19 August 2008
Fund investors have revealed their cautious side, according to Barclays Stockbrokers Funds Market*. Investment levels in funds for June reflected a dip in confidence compared to growth seen in the rest of the second quarter as assets fell 42 per cent in June vs. May, and 24 per cent compared to April**. This is in contrast to the positive inflows seen following this year’s ISA season, as assets invested in funds increased by 27 per cent in May compared to April.
Investors are seeking increased security combined with growth potential for their investments as Money Market and Absolute Return top the tables as the most popular sectors. The Money Market sector continues to prove most popular by assets invested in Barclays Stockbrokers Funds Market in June taking the top slot for the third month running***; 34 per cent of total assets. In contrast to May the Barclays Global Investors Liquidity First Fund was the most popular by assets in June pushing Fidelity’s Cash fund into third place; the Blackrock UK Absolute Alpha fund took second place.
But some investors continue to seek opportunities in more diverse sectors. The Specialist sector continues to be popular, taking second place in the second quarter. In particular Latin America and commodity funds took high inflows, with the JP Morgan Natural Resources fund ranking highest in its sector. Threadneedle’s Latin America Fund and JP Morgan’s New Europe Fund also proved popular.
Chris Stevenson, Associate Director, Funds Market, Barclays Stockbrokers comments: “Market volatility has continued to dominate the headlines so a cautious approach from investors comes as no surprise. We saw Money Market funds dominate assets invested over the second quarter – confirming investor need for protecting investments. Looking at specific funds it is clear to see cash funds are key, with our latest offering – the Barclays Global Investors Liquidity First Fund – increasing in popularity and taking the number one slot for June.”
| Order | Fund | Sector |
|---|---|---|
| 1 | Barclays Global Investors Liquidity First Fund | Money Market |
| 2 | Blackrock UK Absolute Alpha | Absolute Return |
| 3 | Fidelity Cash | Money Market |
| 4 | JPmorgan Natural Resources | Specialist |
| 5 | Fidelity Emerging Eurp Middle East & Africa | TBC |
| 6 | Threadneedle Latin America | Specialist |
| 7 | M&G Global Basics Sterling | Global Growth |
| 8 | Fidelity Moneybuilder UK Index | UK All Companies |
| 9 | Schroders Alpha Plus | UK All Companies |
| 10 | JPmorgan New Europe | Specialist |
| 11 | Blackrock UK Gold & General | Specialist |
| 12 | Allianz RCM Bric Stars | Specialist |
| 13 | M&G High Interest | Money Market |
| 14 | Blackrock UK Cash | Money Market |
| 15 | Invesco Perpetual Monthly Income Plus | UK Other Bond |
| 16 | Invesco Perpetual Latin America | Specialist |
| 17 | First State Global Resources Fund | Specialist |
| 18 | Jupiter Emerging European Opportunities Fund | Specialist |
| 19 | Aberdeen Asia Pacific | Asia Pacific Excluding Japan |
| 20 | M&G Recovery (Sterling) | UK All Companies |
| Order | Sector |
|---|---|
| 1TD> | Money Market |
| 2 | Specialist |
| 3 | Absolute Return |
| 4 | UK All Companies |
| 5 | Global Emerging Markets |
| 6 | Global Growth |
| 7 | UK Other Bond |
| 8 | Asia Pacific Excluding Japan |
* According to Q2 sales figures for Barclays Stockbrokers Funds Market; April, May and June 2008.
** This refers to assets invested in Barclays Stockbrokers Funds Market during June, May and April.
*** During April, May and June
For further information contact:
Caroline Wells / Nicola Hankey
PR, Barclays Wealth
020 7114 7435 / 020 7114 9813
OR
Katie Hayward / Katherine Hobby
Lansons Communications
020 7294 3631 / 020 7566 9704
katieh@lansons.com / katherineh@lansons.com
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