Corporate bonds continue to bounce back - Cofunds

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Corporate bonds have staged a significant recovery in 2012, according to the latest figures from Cofunds.

Year-to-date, the sector has accounted for 11% of net sales - compared to 8% in Q4 and 3% in Q3 2011. Strategic bonds have also proved popular with advisers, accounting for 15.4% of net sales in April. The M&G Strategic Corporate Bond fund, managed by Richard Woolnough, was the sector's stand-out performer, grabbing a place in the top ten best-selling funds. Meanwhile the Mixed Investment 20-60% Shares sector continued its dominance, taking top spot for the tenth consecutive quarter and accounting for 32% of net sales in April. The Cazenove MM Diversity fund, managed by Marcus Brookes...

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