Cofunds: Property funds built on momentum in January

January saw property remain the sector increasing at the fastest rate, accounting for almost 9 percent of net sales according to the latest trend analysis from Cofunds, the independent platform for financial planning.
Property went from strength to strength with two funds inside the top 20 (M&G Property Portfolio and SWIP Property) and a further two funds inside the top 50 selling funds on the platform.
January also saw Corporate Bonds continue to decline as a proportion of net sales accounting for 9 percent, down from 14 percent in Q4 2009, while Cautious Managed held its dominant position, accounting for almost a third of net sales.
Michelle Woodburn, Manager, Fund Group Relations at Cofunds said: “It continues to be a positive story for the Property sector which accounted for almost 9 percent, a great result for a sector that is traditionally a non core holding.  The decline of Corporate Bonds can be seen as mainly due to the rise and maintained dominance of Cautious Managed funds. Along with Corporate Bonds, Europe, UK Small Cap and Gilts did not see great sales figures in January with these three sectors suffering from small net outflow.”