Fund supermarkets, platforms follow market higher

Rising equity prices raise the value of the underlying equity investment parts of funds’ portfolios. Along with rising interest in investing in equities either directly or through collective investment vehicles, this may help explain why FundsNetwork has reported a 130% increase in assets under custody, while Selestia has reported sales in the first two months of this year up 75% on the same period last year. FundsNetwork is claiming assets under custody in excess of £7bn, while Selestia claims assets under management of about £1.8bn. The latter has also just reported a move into prof...