Corporate bond dominance rekindled on Cofunds

Corporate bond funds saw a resurgence in popularity following a two-month dip in demand, accounting for a third of net sales on the Cofunds platform in July.

As the most popular sector, corporate bond funds accounted for 33% of Cofunds’ net sales last month, up from 18% in June. The cautious managed sector also saw an increase in net sales, from 12% in June to 19% last month, making it the second most popular sector. Meanwhile, strategic bond funds also gained in popularity, accounting for 5% of net sales over the month. The M&G Corporate Bond fund replaced the M&G Strategic Corporate Bond fund as the highest net selling fund in July, while all the top five funds in June remained in place a month later. “Last month saw the re-emergen...