Cofunds rolls out DFM service
Cofunds has announced the roll-out of a new discretionary fund management element to its service.
Cofunds has announced the roll-out of a new discretionary fund management element to its service.
A quarter of advisers say they do not plan to allocate any investments to China over the next six months, according to research from Cofunds.
Almost two thirds (61%) of advisers feel optimistic about the UK economy, and half believe the UK is the best investment prospect in Europe, according to the latest research from Cofunds.
One in two advisers anticipates an emerging markets bounce-back, with China in particular expected to recover from its slowdown, according to a survey from Cofunds.
AJ Bell has secured a period of bidding exclusivity for Cofunds’ retail arm, according to reports.
UK Equity Income represented both the most-popular IMA sector and most-bought fund in May, according to Cofunds.
Pictet Asset Management has added to the growing trend of multi-asset products with the launch of the FP Pictet Multi Asset Portfolio.
Adaptation to the RDR is having a discernible impact on profitability in the adviser community, with almost two-thirds of businesses saying they are more profitable than in 2013.
Election uncertainty and pension reforms contributed to fund platforms enduring a lethargic first quarter, according to data released by Fundscape.
Tilney has bolstered its discretionary management business with the recruitment of a financial intermediaries director.
UK investment platform Cofunds has reported an 83% increase in pre-tax profits of £7.7m for 2014 due in part to a big growth in retail pension assets using its service.
Research from Cofunds suggests two-thirds of IFAs have seen an increase in business placed in UK funds over the past 12 months, while around 41% of new money is going into UK Equity Income Funds.