Cautious still top but property storms up chart - Cofunds

The Cautious Managed sector held on to top spot in the Cofunds sales chart for November for the third consecutive month.

Cautious Managed boasts nearly a quarter of net sales to claim top status, with Corporate Bond trailing in second place.

But Property also had a strong showing, continuing its recent strong run to surge up the ranks and claim fourth place.

The sector also accounted for five funds inside the top 50, with Aviva Investors Property Trust, M&G Property Portfolio A Fund and SWIP Property Trust storming into the top 20.

Its chart-climbing performance saw the sector jump three places to take 7% of net sales in November.

The figures come on the back of IMA statistics showing property was the top selling net retail sector for the first time in over two years in October.

Michelle Woodburn, business development manager fund managers at Cofunds, says: "The story for November as previously predicted was the re-emergence and consolidation of the Property sector into the top selling funds chart.

"Despite Cautious Managed still attracting the majority of sales, November was also a great month for GEM and Asia Pacific, which in total accounted for an impressive 4-5% of net sales. Looking to next year we expect to see Europe come into its own and maintain its net positive inflow."

NET RETAIL SALES ON COFUNDS - November 2009

1. Henderson MM Income & Growth A Fund
2. Thames River Distribution A Fund
3. M&G Strategic Corporate Bond A Fund
4. Thames River Cautious Managed A Fund
5. M&G Recovery A Fund
6. SWIP Multi-Manager Diversity A Fund
7. Jupiter Merlin Income Portfolio
8. Investec UK Special Situations A Fund
9. Schroder Income Maximiser A Fund
10. First State Asia Pacific Leaders A Fund
11. Legal & General Dynamic Bond A Trust
12. Invesco Perpetual Monthly Income Plus Fund
13. Aviva Investors Property Trust
14. Invesco Perpetual High Income Fund
15. CF Miton Special Situations Portfolio A Fund
16. M&G Optimal Income A Fund
17. Schroder Strategic Bond A Fund
18. M&G Property Portfolio A Fund
19. Invesco Perpetual UK Strategic Income Fund
20. SWIP Property Trust