Investors made a marked move towards the Cautious Managed sector last month, at the expense of corporate bond funds, which continued to fall in popularity.
According to Cofunds' June net sales stats, cautious managed funds accounted for 12% of new business while flows into the corporate bond sector fell to 18%, having previously represented around one quarter of net sales in May. However, M&G Strategic Corporate Bond, M&G Corporate Bond and Invesco Perpetual Corporate Bond retained their positions at the top of the sales charts. Meanwhile, multi-asset and fund of fund vehicles continued to feature heavily in the platform's best sellers list, with Henderson Multi-Manager Income and Growth, SWIP Multi-Manager Diversity, Thames River Distri...
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