24th June 2013
Despite the on-going market volatility investor appetite is on the up with a 200% increase in the amount of money invested by clients into funds compared to May 2012 according to Barclays Stockbrokers.
Analysis for the month of May 2013 highlighted the top twenty fund purchases made by clients and found that Japan funds proved popular, with the Legg Mason Japan Equity fund taking the number one spot for client investment for the second month in a row.
Alastair Thaw, head of investor product at Barclays Stockbrokers, says: “The analysis shows client investment into funds has continued to grow in May 2013, and shows investors are ignoring the old adage ‘sell in May and come back on St Leger’s day’.”
Asia Pacific and Global Emerging Markets funds were also popular and comprised 25% of the May top 20 funds; with the Newton Asian Income fund appearing in third place and the First State Global Emerging Markets Leaders fund taking fourth.
There was also growth in client appetite for specialist funds, with the AXA Framlington Biotech fund in second place. The Blackrock Gold & General fund also made its second appearance this year in the top 20 funds for May. UK funds remained popular with Barclays Stockbrokers clients in May, taking seven spots in the top 20 funds for the month.
Further analysis found May 2013 saw a 143% increase in client purchase deals year on year, with a 127% increase in the number of clients buying funds compared to the same month last year.
Thaw adds: “There were record highs in the Japanese markets in May also, and this was reflected in client interest in Japan focused funds. Clients continued to seek exposure to the UK – despite on-going volatility in UK markets – as well as to take advantage of funds with a specialised investment focus.”