Mixed Investment 20-60 per cent share funds have topped the sales leader board for six consecutive months, according to new figures from Cofunds, the UK investment platform recently acquired by insurance group Legal & General. 

Mixed Investment 20-60 per cent shares accounted for more than 94 per cent of net sales after Jupiter Merlin Income Portfolio and Invesco Perpetual Distribution held the top two highest selling retail funds on the platform, making it the top-selling sector every month since the start of the year. Newton Global Higher Income, M&G Global Dividend and Cazenove UK Smaller Companies took the next three spots, placing them in the top five of the sales leader board, respectively.

“The Mixed Investment 20-60 per cent sector invests in a wide range of assets to spread and manage risk, whilst aiming to provide a good return through a combination of capital growth. The sector has continued to attract high inflows over the last six months of 2013, perhaps reflecting investors’ ongoing caution. In comparison the same sector also topped the leader board early last year for five out of the six months. The North America sector secured some impressive inflows this month accounting for third place on the sales leader board with over 21 per cent of net sales,”said Graham Venn, head of commercial at Cofunds.

Cofunds, with £52 billion ($81 billion) of assets under administration, provides administration and management services for advisors and their clients, as well as dealing and custody services for financial institutions. It does not offer investment management or advice.