Cautious Managed holds steady as second highest selling sector

August saw the Cautious Managed sector maintain its popularity, holding onto its place as the second highest selling sector according to the latest monthly figures from Cofunds, the independent platform for financial planning. Corporate Bonds also retained its place, at the top of the charts despite slipping in terms of both net and gross sales.
Michelle Woodburn, business development manager, fund managers at Cofunds said: “August saw the consolidation of the Cautious Managed sectors position towards the top of the sales charts, taking second place. Corporate Bonds, although still accounting for the biggest sector sales, have lost a little of their former popularity. While Money Market funds and Europe funds continued to see outflows, advisers opted for UK All Companies and Emerging Markets funds in their place.”