Cautious Managed sector holds steady in August

Advisers have continued to recommend Cautious Managed funds, with the sector taking second place on Cofunds' best seller list for August.

The Corporate Bond sector retained its place at the top of the chart but slipped in terms of both net and gross sales. Absolute Return, UK All Companies, Specialist, North America, Japan and Property all gained momentum last month on the platform. The top five funds in terms of net sales for the month were led by the M&G Strategic Corporate Bond A fund, which moved up one place from July to take poll position, and the Henderson MM Income Growth A fund, which moved from fourth to second place. The M&G Corporate Bond A fund, Jupiter Financial Opportunities and Invesco Perpetual Corpo...