Cofunds confirms clean share class model
Cofunds has firmed up its unbundled pricing model which will see it list 1,700 clean share classes from 85 fund groups.
Cofunds has firmed up its unbundled pricing model which will see it list 1,700 clean share classes from 85 fund groups.
A strong first quarter of sales saw assets under administration at Cofunds reach £40bn as the firm has targeted advisers looking for a smooth transition to RDR-compliant business models.
Cofunds has poached Laura Eden formerly interim head of business development at Axa Wealth Elevate to come in as head of strategic partnership management.
The latest sales figures show M&G at the top of the tree for net fund sales in August
Investor demand for direct commodities is rising but managers favour the equities on valuation.
Sales of cash and money market funds have halved over the past 12 months, according to Skandia.
Strategic bond sales firmed their position in July, as investors anticipated volatile conditions.
Figures from the Cofunds platform show that the Cautious Managed sector continued to dominate sales.