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Cofunds hits 4bn mark

Cofunds has topped 4bn in funds under management just over four years after the fund supermarket’s launch.
The platform attracted 1.7bn in 2004, aided by increasing inflows and positive market movements.
Cofunds launched back in January 2001 and at its current rate of growth expects to break even in late 2006/ early 2007.
The fund supermarket expects its rate of asset accumulation to increase it launches personal pension and investment bond wrappers through a tie-up with Legal & General, later in the year.

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