Cautious Managed tops Cofunds sales in April

The Cautious Managed sector was the top seller on Cofunds in April whilst UK All Companies saw a net outflow as the uncertain political situation weighed heavily on investor sentiment.

Cautious Managed accounted for 28% of net sales for the month through the platform - maintaining its strong recent showing although slightly down on the Q1 figure of 33%. Henderson Multi-Manager Income & Growth was top of the fund chart and Aberdeen Multi-Manager Cautious Managed also grabbed a top 20 position. However, UK All Companies, once the bedrock of client portfolios, saw net outflows of 0.28% for the month. For the year to date sales were down 0.6% and in Q1 as a whole the sector only took 2% of net sales and 7% of gross sales. "It is very rare for UK All Companies to be i...