Cautious Managed funds dominate Cofunds Q1 sales

The Cautious Managed sector continues to dominate inflows on Cofunds, accounting for nearly a third of net sales in Q1, with property also prominent.

Cautious Managed led with 32% of net sales, but the Property sector rose to the second place - boasting four funds inside the top 50 fund list. The Corporate Bond sector dropped to sixth place, with only 6% of net sales and no funds inside the top 50. In March, the sector accounted for only 2% of sales, with investors preferring the flexibility of strategic bond offerings. Strategic Bond, with 8% of sales in the quarter, was the third-highest selling sector and four funds - M&G Optimal Income, Henderson Strategic Bond, L&G Dynamic Bond and Invesco Perpetual Monthly Income Plus - were ...