Reports
Barclays Stockbrokers Welcomes Strong Start To New Tax Year
Client investment activity into funds more than doubled in April
of this year compared to the same month of last year,
representing an increase of 110 per cent, analysis from
Barclays Stockbrokers has shown.
The strong start to the new tax year for funds investing by its
clients was similarly revealed in the monthly increase of 16 per
cent from March to April 2013.
The top twenty fund purchases made by clients in April found that
the Global Emerging Markets and Asia Pacific including Japan
sectors featured prominently in the top 10 ranking.
The Newton Asian Income fund, which took top spot in March as the
most purchased fund by clients, came second in April and was
replaced by the Legg Mason Japan Equity fund. The firm attributed
the latter’s popularity to Japanese markets continuing their
gains of the last six months.
The First State Global Emerging Markets Leaders fund ranked
third, moving up from fourth place in March.
While emerging market and Asia Pacific funds appealed to
investors, clients continued to show a strong appetite for UK
funds as they have in previous months. Such funds continued to
dominate the top 20 purchased funds, accounting for 40 per cent
of entries.
The month also saw a diverse focus of client interest, with funds
from Specialist, European, North American and Global sectors
appearing, said the firm.