NEWS - CAUTIOUS MANAGED
Categories: Cautious Managed
Topics: Invesco perpetual | M&g | Cofunds | Jupiter | Henderson | Corporate bonds
Advisers have continued to recommend Cautious Managed funds, with the sector taking second place on Cofunds' best seller list for August.
The Corporate Bond sector retained its place at the top of the chart but slipped in terms of both net and gross sales.
Absolute Return, UK All Companies, Specialist, North America, Japan and Property all gained momentum last month on the platform.
The top five funds in terms of net sales for the month were led by the M&G Strategic Corporate Bond A fund, which moved up one place from July to take poll position, and the Henderson MM Income Growth A fund, which moved from fourth to second place.
The M&G Corporate Bond A fund, Jupiter Financial Opportunities and Invesco Perpetual Corporate Bond fund complete the five biggest sellers with the Jupiter fund a new entry in the top five.
August saw the consolidation of the Cautious Managed sector's position towards the top of the sales charts, says Michelle Woodburn, business development manager, fund managers at Cofunds.
"Corporate Bonds, although still accounting for the biggest sector sales, have lost a little of their former popularity.
"While Money Market funds and Europe funds continued to see outflows, advisers opted for UK All Companies and Emerging Markets funds in their place."
Categories: Cautious Managed
Topics: Invesco perpetual | M&g | Cofunds | Jupiter | Henderson | Corporate bonds
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