As investment advisers and their clients looked to capital accumulation in the third quarter of this year, asset managers Ninety One and Premier Miton came out on top in terms of views on Square Mile’s Academy of funds, receiving a 2.5% share of all views.
The Ninety One UK Alpha and the Premier Miton Multi-Asset distribution funds were most popular amongst users and were the most researched over the quarter, according to the researcher’s quarterly market intelligence report.
The report measures quarterly viewing patterns among users of the Academy of Funds, a depository of information on 353 active, passive and risk-targeted funds rated by the firm’s analysts.
The R&M UK Recovery and Baillie Gifford Strategic Bond funds made up the remainder of the most viewed strategies.
At group level, Baillie Gifford dominated, at 7.5%, up from fifth place last quarter, while Jupiter Asset Management and Schroders remained static in second and third place, making up 5.9% and 5.6% of views respectively.
The Square Mile’s Fund dashboard is an interface through which advisers can access information across core fund selection criteria.
Jock Glover, strategic relationships director at Square Mile, said: “We have rarely seen a more challenging environment in which to make asset allocation decisions…Against this backdrop, it is interesting to note that strategies with the promise of capital accumulation continued to gain traction, perhaps a reflection that, with market sentiment so weak, there may be more upside to be had from assets offering some level of appreciation.
“Nonetheless at a sector level, caution still lingers. The IA Mixed Investment 20-60% Shares and Targeted Absolute Return sectors are both fishing grounds for investors seeking a combination of growth alongside capital protection.”
The IA Mixed Investment 20-60% Shares and IA Targeted Absolute Return sectors continued to move up the rankings last quarter, to third and fourth place, pushing IA UK Equity Income out of the top three.
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