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.
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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.
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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.
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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.
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AJ Bell has secured a period of bidding exclusivity for Cofunds’ retail arm, according to reports.
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UK Equity Income represented both the most-popular IMA sector and most-bought fund in May, according to Cofunds.
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Pictet Asset Management has added to the growing trend of multi-asset products with the launch of the FP Pictet Multi Asset Portfolio.
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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.
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Election uncertainty and pension reforms contributed to fund platforms enduring a lethargic first quarter, according to data released by Fundscape.
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Tilney has bolstered its discretionary management business with the recruitment of a financial intermediaries director.
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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.
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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.
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