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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.

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10 September thumbnail

Johnson Fleming set to hold auto-enrolment support webinar

Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.

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