Invesco Perpetual Income and Monthly Income Plus, Jupiter Merlin Income Portfolio and Jupiter Merlin Income Portfolio were some of the largest funds falling out of favour with FE’s in-house analysts in the latest review of the FE Invest Approved fund list and the FE Invest MPS (model portfolio service).
Rob Gleeson, head of FE Research, says: “We've been quite stringent this time round and have had a bit of a clear out. Our focus has been to reduce duplication and so some big names have been dropped because they're too similar. For example, IP Income has been taken out, but we have kept in Strategic Income – because they are quite similar.
“We have also reduced exposure to classic multi-asset as the demand has fallen. This also reflects the move to risk-targeted fund solutions, which we will be adding in due course.”
Funds in and funds out
|
IN |
OUT |
|
Artemis Strategic Bond |
Aberdeen Asia Pacific Equity |
|
Aviva Inv High Yield Bond Schroder Tokyo |
BlackRock European Dynamic |
|
Baillie Gifford Global Discovery |
F&C Overseas Equity Linked UK Gilt |
|
CF Miton UK Multi Cap Income |
F&C Overseas Equity Linked UK Inflation |
|
CF Woodford Equity Income |
Invesco Perpetual Global Opportunities |
|
Fidelity Global Dividend |
Invesco Perpetual Income |
|
Henderson Fixed Interest Monthly Income |
Invesco Perpetual Monthly Income Plus |
|
Hermes Global Emerging Markets |
Invesco Perpetual UK Growth |
|
Jupiter India |
JOHCM UK Equity Income |
|
Old Mutual Global Equity Absolute Return |
Jupiter Merlin Income Portfolio |
|
Old Mutual UK Mid Cap |
Liontrust Macro Equity Income |
|
SVM UK Growth |
M&G European Corporate Bond |
|
|
Neptune Japan Opportunities |
|
|
Newton Multi-Asset Growth |
|
|
Old Mutual UK Dynamic Equity |
|
|
Royal London Sustainable World Trust |
|
|
Schroder Global Property Securities |
|
|
Schroder Income Maximiser |
|
|
Schroder MM Diversity Balanced |
|
|
Schroder Recovery |
|
|
Standard Life Investments European Equity Income |
|
|
Standard Life Investments Global Advantage |
|
|
Stewart Investors Global Emerging Markets Leaders |
|
|
TwentyFour Dynamic Bond |
|
|
Baring German Growth |
|
|
|
Source: FE