Boutiques recognise growing role of supermarkets

Smaller firms are increasingly using platforms for distribution, with Midas, PSigma and Neptune among Cofunds' top sellers this year to date

Boutiques are seeing a growing proportion of their business coming from platforms such as Cofunds and FundsNetwork, and firms are now joining supermarkets in greater numbers. Investment Week recently reported that funds from Midas, PSigma and Neptune are among the top 50 bestsellers on Cofunds this year, with some of them beating offerings from Schroders, Jupiter and Gartmore. This year, several more small firms are signing up to supermarkets, with iimia listing three funds on Cofunds on 1 August and MitonOptimal adding its five vehicles - Arcturus, Cautious Income, Special Situations, St...