The Cautious Managed sector accounted for more than half of total sales on Cofunds in October in its best-ever monthly showing as advisers continue to favour outsourcing solutions.
Propped up by HSBC's Open Global Return fund, which stormed to the top of the sales chart, Cautious Managed funds accounted for 55% of net sales - significantly higher than its year-to-date average of 32%. Four of the top five funds on the platform were Cautious Managed funds. Michelle Woodburn, manager, fund group relations (pictured) said advisers' preference for multi-asset investment solutions shows no sign of abating in the run up to the Retail Distribution Review (RDR). "Cautious Managed has been a big theme for a while - it is a useful outsourcing solution for advisers with RDR...
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