Cofunds figures show boost for corp bonds

Latest sales figures from Cofunds show corporate bond funds continue to remain popular with investors as they seek alternatives to equities.

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According to the latest figures for May, corporate bonds continued to dominate the sales charts, accounting for roughly one quarter of net sales for the month.

Among the top sellers was the £924m M&G Strategic Corporate Bond fund, which successfully knocked the £3.4bn M&G Corporate Bond fund off the top spot.

Other funds that also proved popular included the £3.8bn Invesco Perpetual Corporate Bond, the £2.9bn M&G Recovery and the £7.8bn Invesco Perpetual High Income funds, which took third, fourth and fifth places, respectively.

Russell Lancaster, director of fund manager relations at Cofunds, said bonds were proving exceptionally popular as confidence slowly re-emerged in equity markets.

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