Co-op launches new fund to IFAs

The Co-operative Asset Management has announced the launch of its Corporate Bond unit trust onto IFA platforms and the appointment of a new manager to run the fund.

Daniel Fox has been recruited to manage the Corporate Bond Income Trust and is The Co-operative Asset Management's latest move to bring itsinvestment proposition to the intermediary market.

Daniel joins the team from Insight Investment, formerly Rothschild Asset Management, where he specialised in managing corporate bond portfolios since 2002. He previously spent eight years with Sun Alliance managing government and corporate bonds.

The Corporate Bond Income Trust is available immediately to intermediaries via the Cofunds, FundsNetwork and Hargreaves Lansdown platforms. It increases the Co-operative Asset Management's core range of unit trusts that can be accessed by IFAs to four.

Paul Sharman, Director of The Co-operative Asset Management, said: "Making the Corporate Bond available on fund platforms is part of our long-term strategy to build our proposition and investment expertise in the IFA market.

"We are delighted to have recruited Daniel to run the fund. He has a proven track record in managing bonds, and is another talented investment professional that we have added to our expanding team.

"The fund is being launched to IFAs at a time when corporate bonds are a popular choice for investors."

The Co-operative Asset Management uses a unique investment process which integrates ESG (Environmental, Social and Governance) analysis alongside financial analysis when selecting stocks. It believes that using ESG enables it to identify hidden risks and opportunities.

The Corporate Bond Income Trust will join the Sustainable Leaders Trust; UK Growth Trust; and UK Income with Growth Trust; as The Co-operative Asset Management's portfolio on IFA platforms.