AIC's Sayers: Cofunds acquisition 'important step' for investment trusts

Trusts becoming more accessible

clock • 4 min read

Ian Sayers, chief executive of the Association of Investment Companies, has welcomed Aegon's acquisition of platform Cofunds as more advisers will be able to access the investment trust sector.

The sale of Cofunds by Legal & General (L&G) to rival provider Aegon means it has become the industry's biggest platform. Aegon said the upgrade would benefit advisers in a number of ways and it would offer a broader investment range including exchange-traded funds, investment trusts, all FTSE 350 stocks and other stocks on request. Investment trusts have suffered in the past as many adviser platforms including the big three - Cofunds, FundsNetwork and Old Mutual Wealth - did not offer investment trusts and those that did only offered the sector's largest funds such as the £4bn Scotti...

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 Investment Trusts

Trustpilot