Only two UK funds creep into the top ten
US funds take the top two spots
Europe and Asia also popular overseas markets
1 | Schroder US Mid Cap |
2 | Old Mutual North American Equity |
3 | Fundsmith Equity |
4 | Jupiter European |
5 | M&G Optimal Income |
6 | Artemis High Income |
7 | Stewart Investors Asia Pacific Leaders |
8 | Invesco Global Targeted Return |
9 | Lindsell Train UK Equity |
10 | Old Mutual UK Mid Cap |
Ryan Hughes, head of active portfolios at AJ Bell, comments:
“The threat of a trade war with China and rising interest rates don’t seem to have put advisers off the US, where President Trump’s tax plans and a solid Q1 earnings season are having a positive effect on markets. Europe is also proving popular with the long term recovery prospects outweighing political unrest in Italy and the growth opportunities in Asia are also catching the attention of advisers. The UK continues to be out of favour, with economic growth stalling and Brexit lurking in the shadows.”