Cautious Managed dominates 3 of 5 top fund spots

The Cautious Managed sector accounted for 3 of the top 5 selling funds taking first place as the highest selling sector for the second month in the October sales trends by Cofunds, the independent platform for financial planning.
Cautious Managed popularity rose again taking an impressive 16% of all new business on Cofunds and accounting for 22% of net sales.
Property also continued to gain favour with advisers, taking 5% of net sales and became the 7^th highest selling sector on the platform. Meanwhile, Corporate Bonds retained their position as the second highest selling sector, accounting for 15% if new business and 17% of net sales.
Michelle Woodburn, Business Development Manager – Fund Managers at Cofunds said: “As expected Cautious Managed has maintained its hold on the top spot with a substantial share of new business going straight into these funds with advisers look for better returns as the market picks up. It was interesting to see Property gaining ground again with a big surge into funds by M&G, SWIP and especially Aviva, whose Investors Property Trust made the top 20.”