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Income sector is Cofunds&#39 top seller

Seven of Cofunds&#39 top 10 biggest-selling funds last year were income funds, toppling UK growth as the most popular sector on the platform.

The supermarket&#39s sales figures for 2002 show that five of its top 10 funds were equity income funds while two were bond funds. In 2001, just two of the top 10 were income funds, only one of which was in the equity income sector.

The biggest seller last year was Credit Suisse&#39s income fund, run by star manager Bill Mott, while the second-biggest seller was Liontrust&#39s first inc-ome fund. Aberdeen&#39s £1bn fixed-interest unit trust was third.

Fourth was HSBC&#39s UK growth & income fund followed by Gartmore&#39s Euro-pean selected opportunities fund in fifth and Credit Suisse&#39s monthly income fund in sixth.

Artemis&#39 UK smaller companies fund was seventh, Newton&#39s higher income fund eighth, Jupiter&#39s income trust ninth and Henderson&#39s preference & bond fund was tenth.


Consultation on orphan assets set for summer

The FSA says it has undertaken preliminary work on the attribution of orphan assets and will consult on it in the summer. In CP176, the regulator says it is developing open processes for policyholders affected by the attribution of orphan assets. The move has come under fire from some critics, who say a transparent process […]

Stakeholder cap deters IFAs from advising companies

IFAs are being put off from advising on company pension schemes by the 1 per cent stakeholder cap on commission, according to research by Scottish Equitable. Seventy-five per cent of IFAs questioned at 15 ScotEq roadshows across the UK in November said they would actively target employees if the cap was raised to allow more […]

Contract in, out, shake it all about

The Government policy on contracting in and contracting out is full of contradictions. On the one hand, the Pensions Green Paper is seeking actively to encourage self-employed people to contract into the state second pension. This suggests a move towards state provision. This sits uneasily alongside contracting out, which has helped many people get the […]

Solus pushes way through multi-manager crowd

Solus Investment Managers has created a multi-manager fund of funds, which invests in 14 funds from different management groups. The Solus Multi-Manager Services balanced portfolio will diversify geographically, across fund management groups and asset classes. UK equities will dominate the portfolio at 50 per cent, while 23 per cent is invested in equities from other […]

US election

Capital Market Notes, November 2016 David Lafferty, chief market strategist at Natixis Global Asset Management, looks at the impact on markets and portfolios since the somewhat surprising outcome of the US election. Click here


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