Mixed investment shares sector dominates Cofunds sales in February

Mixed investment shares accounted for the vast majority of sales on the Cofunds platform in February.

The latest sales figures have revealed that Mixed Investment 20-60% Shares and Mixed Investment 40-85% Shares accounted for 81% and 79% of net sales, respectively.

Michelle Woodburn, manager of fund group relations, said: “Mixed Investment Shares attracted the highest inflows last month, probably as they provide an asset allocation outsource solution for advisers.

“However, not all diversified sectors were in favour, with the Flexible Investment sector accounting for 78% of outflows.”

Six of the top ten selling funds were in the mixed investment shares sector. The best selling funds were again the Neptune Balanced fund, followed by the Jupiter Merlin Growth fund.

Woodburn adds: “Elsewhere, bond funds remained popular; attracting 75% of net sales whilst GEM [global emerging markets] funds also saw a significant peak in February with 11% of net sales.

“Within this sector, Aberdeen and First State remained the favoured funds, ranking fifteenth and twenty-first, respectively.”