Strategic bonds winning the popularity stakes in Q2

Strategic Bonds gained in popularity to become the second highest selling sector according to the Q2 sales trends from Cofunds, the leading independent platform for financial planning.
Flying high along with Strategic Bonds were Global Growth, Absolute Return and Northern America. All these sectors also grew their market share and finished the quarter accounting for 8%, 6% and 4% of net sales respectively.
Michelle Woodburn, Manager, Fund Group Relations at Cofunds said: “Strategic bonds made considerable progress in Q2 increasing their market share from 8% to 11% of net sales. The predominant funds in this sector were M&G Optimal Income Fund and L&G Dynamic Bond Trust. It was also good news for other sectors that historically have been satellite portfolio holdings, with Global Growth becoming third highest selling sector and Absolute Returns sector coming in as sixth most popular.”