Cofunds to offer ETFs

Cofunds, which recently surpassed £30bn in assets under management, deals with over a quarter of the UK platform market. It is looking to broaden its offering with ETFs alongside investment trusts, equities and other vehicles. Cofunds sales and marketing director Alastair Conway says the company is likely to release a "light touch solution" first of all, offering research and the ability to buy and sell the products. From there, a second phase would be needed to fully integrate ETFs into the platform's underlying asset classes. The move comes after Ascentric revealed its assets unde...