Cautious funds top at Cofunds in Q3

Over half of Cofunds' sales went into safety areas of Cautious Managed, Money Market and Absolute Ret...

Over half of Cofunds’ sales went into safety areas of Cautious Managed, Money Market and Absolute Return during the third quarter. However the platform said it has started to see outflows from the Cautious Managed funds in the past month with sales picking up in bonds and gilts instead. Russell Lancaster, head of fund manager relationships, said: “The movement into fixed income vehicles has increased and I think we will see it become stronger in the fourth quarter. From what I have heard from groups, they are seeing this in their direct sales too. “I think the rise in bond sales wi...