Cofunds abandons trust and ETF plans

clock

Cofunds has abandoned a proposed tie-up with Barclays Stockbrokers to list investment trusts and ETFs on the platform in a blow for providers.

The venture, branded the Cofunds Stock Trading Service, was also due to allow advisers access to trade individual equities and bonds via Barclays Stockbrokers, which would have been accessible through the Cofunds website. However the pilot, launched with ten adviser firms in January 2012, has now concluded, with Cofunds choosing not to proceed with a full service. "We have got to a position where we have decided with Barclays to end the pilot as it didn't do what our clients wanted," said head of marketing Stephen Wynne-Jones. "We are still in the position of evaluating demand and ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Platforms

Investment platform TILLIT closes down

Investment platform TILLIT closes down

Closure to take place on 12 September

Sorin Dojan
clock 25 June 2025 • 1 min read
Woodford to charge up to £70 a month to access portfolio platform

Woodford to charge up to £70 a month to access portfolio platform

W4.0 launches

Cristian Angeloni
clock 06 June 2025 • 2 min read
Woodford sets launch date for portfolio platform

Woodford sets launch date for portfolio platform

W4.0

Cristian Angeloni
clock 03 June 2025 • 1 min read
Trustpilot