Strategic bonds gain traction, says Cofunds
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Strategic bonds gained traction in February, accounting for 7 per cent of net sales on the Cofunds platform.
The sector ranked third for sales after cautious managed which led the table with 20 per cent of gross money invested in February and corporate bonds which represented 10 per cent of gross sales of new business.
From January to February there was a marginal increase in corporate bond sales from 9.17 per cent of net sales to 9.22 per cent in February.
Property maintained a high but stable level taking over 5 per cent of sales.
Cofunds fund group relations Michelle Woodburn says: “With strategic bonds gaining in popularity and corporate bonds continuing to hold their own, February was a positive month for fixed income in advisers’ asset allocation.”
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