UK all companies experienced a successful July, firmly placed within the top four selling sectors for wealth managers, execution only and product providers, as indicated by the most recent sales breakdown from Cofunds’ institutional service.

Wealth managers and execution only clients also favoured strategic bond and global bonds.

Indeed, strategic bond took first place amongst wealth manager clients and second with the execution only clients.

Product providers were drawn to corporate bond funds and for the second month running; cautious and balanced managed funds made their top six selling sectors.

Christopher James, director, institutional services at Cofunds, says: “July saw UK all companies establish itself as one of the top selling sectors, with M&G Recovery, Legal & General UK Index and M&G Recovery leading the way with wealth managers, execution only and product providers respectively. Two out of our three client bases also gave preference to corporate bond funds, so much so that our product providers clients placed two corporate bond funds (M&G Strategic Corporate Bond and M&G High Yield Corporate Bond) in their top five.”