Co-operative Investments is continuing its expansion into the IFA market after launching its three most popular funds on the Fidelity FundsNetwork platform.
The firm says the move will provide investors with wider access to its unit trusts and “unique expertise” in the responsible investment arena.
It follows Co-ops first foray into the IFA market earlier this month when it launching the same three trusts - CIS Sustainable Leaders, CIS UK Growth, and the CIS UK Income with Growth – on the Cofunds platform.
Mark Summerfield, director of life & savings at Co-op, says: “The launch onto FundsNetwork is the next step in our commitment to widen and develop a proposition for the broader intermediary market.
“We believe the combination of our trusted brand, SRI offerings and investment expertise will really appeal to intermediaries.”
Paul Sharman, director of investments, adds: “We have an investment process which is highly structured and based on proven investment principles that has consistently delivered results above benchmarks."
David Dalton-Brown, head of FundsNetwork, says: “We are delighted that Co-operative Investments are joining the platform. Adding its funds brings the total number of ethical funds available on FundsNetwork to 55.
“The new additions follows analysis conducted earlier this year which showed that ethical fund sales on the platform are set to eclipse those of last year.
“We constantly strive to offer advisers more choice and opening out the range of ethical funds to include Co-operative Investments underlines that.”
The firm’s CIS Sustainable Leaders Trust became the first socially responsible investment (SRI) fund to top the 324 strong UK All Companies sector earlier this year.
Co-op also reveals it is holding a seminar to explain its approach to SRI on 25 September. Details can be found here.
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