The April net sales figures for the platform see the two firms offer seven of the top 10 best-selling funds, with bond funds again leading the way for the seventh consecutive month.
The M&G corporate bond fund retained its status as the top-selling fund for net sales, with the M&G strategic bond and Invesco Perpetual corporate bond fund in second and third place respectively in an unchanged top three.
M&G also has the recovery and optimal income fund within the top 10 sellers while Neil Woodford’s Invesco Perpetual income and high-income funds are also on the list.
Jupiter merlin income, Henderson multi-manager income and growth and Artemis income are the other three funds which sit within the top 10 sellers for April.
Cofunds director of fund manager relations Russell Lancaster says the fact that there are few changes to the top 10 indicates that bond funds look set to maintain their popularity.
He says: “While uncertainty remains in the market, money will flow into those sectors which investors perceive to be safe, such as bonds. However, once confidence picks up, we expect to see money flow back into the traditional safe haven of the cautious sectors such as cautious and balanced managed. Investors’ fear of missing out on a market rally may bring an end to bonds’ dominance at the top of the sales table sometime soon.”