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

Wealthtime signs ten-year deal with Wipro to overhaul platform

Wealthtime signs ten-year deal with Wipro to overhaul platform

The firm will use Wipro's artificial intelligence

Sahar Nazir
clock 01 April 2025 • 2 min read
Adviser platform assets up to £616.2bn in 2024

Adviser platform assets up to £616.2bn in 2024

Strong advised platform new business throughout 2024

Jenna Brown
clock 19 March 2025 • 3 min read
Aberdeen's Kenny: 'We need to get our flows into positive territory'

Aberdeen's Kenny: 'We need to get our flows into positive territory'

CDO on service, technology and ‘moving the dial’

Isabel Baxter
clock 13 March 2025 • 4 min read