CoFunds, the fund supermarket, is continuing to expand its range with the addition of a further eigh...
CoFunds, the fund supermarket, is continuing to expand its range with the addition of a further eight fund management groups and 59 new funds which will be available from the end of September.
This increases the CoFundsline-up of fund managers to 34 and boosts funds available to 407.
The eight new fund managers are:
Britannic Fund Managers
BWD Rensburg Unit Trusts
Edinburgh Fund Managers
First State Investments
Lazard Fund Managers
Liontrust Investment Funds
Rathbone Investment Management, and
Sarasin Investment Management
Cofunds has now built sales of £150m through intermediaries since its launch. In July alone Cofunds accounted for over 5% of total IFA Isa sales and more than 4% of all Pep transfers, according to Rodney Aldridge, head of sales at Cofunds.
"We liaise with intermediaries on an ongoing basis and from their feedback we are able to determine the fund management groups and funds they would like to see in our service. I am delighted can keep abreast of intermediaries' needs and in response to their requests attract leading fund managers and more funds onto the Cofunds platform. We will continue to increase the number of funds and fund management groups available to give the intermediary the best choice possible."
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