The corporate bond sectors continue to lead sales at Cofunds, accounting for 39% of net sales in the first quarter, according to the platform.
M&G Corporate Bond and Invesco Perpetual dominate the lists, with five of the most popular funds and constitute over half of all net new sales in Q1. Ten groups accounted for 63% of all gross new business. The five most popular funds were M&G Corporate Bond, Invesco Perpetual Corporate Bond, M&G Strategic Corporate Bond, Invesco Perpetual High Income and Invesco Perpetual Income. The figures also show a marked increase in the number of income funds which now account for nine of the platform's top twenty selling funds. Business development manager at Cofunds, Michelle Woodburn, says:...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
