Cofunds: Strategic bond sales soared in December

clock

Strategic bond sales soared in December as equity funds suffered a poor end to the year, according to the latest figures from platform Cofunds.

While Cautious Managed sales remained in pole position with 48% of net sales last month, Strategic Bond increased its share of the spoils from 9% in November to 14% a month later. Its monthly average over last year as a whole was 11%. Powering the Strategic Bond sector up the rankings was Richard Woolnough's M&G Optimal Income fund, which was the best-selling fund on the platform. Equity funds, however, fell out of favour at the end of 2011 amid turbulent economic conditions. Europe (-7%), UK All Companies (-5%), UK Equity Income (-5%), Specialist (-2%) and UK Smaller Companies (-1...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Why advisory businesses need to question their platforms' operational resilience

Why advisory businesses need to question their platforms' operational resilience

'If you're a financial advice firm, client trust is your most valuable asset'

Martin Jennings
clock 30 April 2026 • 4 min read
Vanguard UK Platform Awards – Adviser voting now open

Vanguard UK Platform Awards – Adviser voting now open

Across several categories

Clive Waller
clock 29 April 2026 • 1 min read
What golf's distance problem can tell us about the future of platforms

What golf's distance problem can tell us about the future of platforms

'We can't hope to fulfil our potential by standing still'

Steve Andrews
clock 22 April 2026 • 4 min read