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Cofunds to offer 235 funds from 25 providers

Cofunds will offer 235 funds from 25 providers at launch, which is currently scheduled for January 22.

The IFA supermarket, which was founded by Jupiter, M&G, Threadneedle and Gartmore, will initially only offer funds within an Isa wrapper. But the platform will extend its service to include Pep transfers and non-Isa funds later in the year.

Aside from the four founders, the other providers are Aberdeen, Artemis, Chase Fleming, Dresdner, HSBC, Investec, LeggMason Investors, Merrill Lynch, Norwich Union, Royal & Sun Alliance Investments, SG Asset Management, ABN Amro, Baring Asset Management, Deutsche Asset Management, Framlington, Henderson, Invesco, Newton, Old Mutual Asset Management, Schroders and Standard Life Investments.

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MERRILL LYNCHUK DYNAMIC FUNDType: Unit trust.Aim: Growth by investing in FTSE 100 shares andmedium and small companies.Minimum investment: Monthly £50, lump sum £1,000.Investment split: Minimum of 60 per cent in FTSE 100shares, 40 per cent in medium and small companies.Isa link: Yes.Pep transfer: Yes.Charges: Initial 5.25 per cent, annual 1.5 per cent.Commission: Initial 3 per […]

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