Bond funds continue to dominate sales on the Cofunds platform, according to figures for February.
Three M&G funds made the top five sellers, with Strategic Corporate Bond leading the pack. M&G Corporate Bond and Gilt & Fixed Interest were the other two offerings in the top five, although the group had a total of six funds in the top 20, including Richard Woolnough’s Optimal Income and Tom Dobell’s Recovery fund.
Invesco Perpetual took the other two spots in the top five, beside Paul Read and Paul Causer’s Corporate Bond fund and Neil Woodford’s High Income fund. Woodford’s £5.7 billion Income offering also appeared further down the bestseller table.
Other funds appearing in February’s table include BlackRock UK Absolute Alpha, Threadneedle Equity & Bond, and Neptune Balanced. Funds that dropped off the bestseller list from January to February include CF Miton Special Situations, Artemis Income and Henderson Strategic Bond.
Russell Lancaster, the director of fund manager relations at Cofunds, says although the number of bond funds in the top 20 fell from nine in January to six last month, investors’ appetite for these products is still strong. Investors see the sector as offering the best risk/reward ratio in uncertain markets, he adds.
Corporate bonds still top seller, says IMA