Clear trends toward overseas markets
Four global funds in the top ten, one with a technology focus
Japan and India are popular overseas markets
Woodford remains in top ten
The top ten most purchased active funds via AJ Bell Youinvest in April:
Fundsmith Equity |
Lindsell Train Global Equity |
Legg Mason Japan Equity |
Polar Capital Global Technology |
Lindsell Train UK Equity |
Marlborough UK Micro Cap Growth |
Standard Life Global Smaller Companies |
Woodford Equity Income |
Jupiter India |
Baillie Gifford Japanese |
Ryan Hughes, head of active portfolios at AJ Bell, comments:
“Investors are clearly wary of the UK market at the moment, perhaps unsurprising given the recent weaker GDP data, with many instead opting for overseas exposure in their portfolios. The two most popular funds both focus on high quality global businesses and have a very long term investment perspective. The Polar Capital Global Technology fund also remains very popular despite the concerns around Facebook and Tesla, while Japan is represented twice with recent problems surrounding Prime Minister Abe seemingly un-affecting sentiment so far.
“Where investors are investing in the UK, it is at the very small cap end of the market via the Marlborough UK Micro Cap Growth fund or via very well-known and respected fund managers in Nick Train and Neil Woodford, who remains in the top ten despite some well publicised problems at some of the firms in his portfolios.”