Inflows into intermediary fund supermarket protagonists Cofunds and FundsNetwork's platforms reveal ...
Inflows into intermediary fund supermarket protagonists Cofunds and FundsNetwork's platforms reveal an increasing divergence in new business origins. New Isa money made up 70% of FundsNetwork's inflows in January, compared to just 20% at Cofunds. Conversely, some 80% of money going on to the Cofunds platform was generated through re-registration and transfer business, compared to just 30% at FundsNetwork. While these figures could be taken to imply either FundsNetwork is achieving far greater cash sales or Cofunds is pulling in much larger swathes of transfer and re-registration busi...
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