Global Growth sales hit record-high on Cofunds

Sales of Global Growth funds on Cofunds hit a record high in January as advisers turn to equities for income at the expense of bond funds.

Global growth powered to an all-time high of 12% of net sales on the platform in January - a significant jump from its Q4 figure of 7% - with UK All Companies and Absolute Return also benefiting from the shift back into equities. Michelle Woodburn, manager of fund group relations at Cofunds, says the current trend for equities is accompanied by a move to income-generating funds at the expense of the Corporate Bond and Strategic Bond sectors. "In general, there is a big income theme emerging and the separation of equity and income is becoming increasingly hazy - they are not mutually e...