Cautious Managed continues to reign in Q1

Cautious Managed has continued to dominate the sales charts, accounting for nearly a third (32.3%) of net sales according to the Q1 sales trends from Cofunds, the independent platform for financial planning.

While Q1 2010 saw Cautious Managed remain a favourite of advisers, Corporate bonds dropped to only taking 6% of net sales, a considerable fall compared to the 39% it accounted for in this period last year (Q1 2009).

Global growth had a positive quarter, making significant headway and attracting 6.4% of net sales, compared to 3.7% last quarter. The predominant funds in this sector were Newton Global High Income fund and M&G Global Basics which were the 7^th and 12^th highest selling funds respectively.

Michelle Woodburn, Manager, Fund Group Relations at Cofunds said: “It is a testament to Cautious Managed’s popularity that it has now held the top spot for the last two quarters. Global growth is definitely a sector to keep an eye on having had a great first quarter as the 5^th highest selling sector. This sector seems geared to carry on in the same vein and we could see more funds flowing into this sector.”