Fundsmith Equity was the most purchased fund
Three US funds made the top ten
Europe and Asia funds more popular than the UK
The ten most purchased funds via AJ Bell Investcentre, during April:
1 | Fundsmith Equity |
2 | Jupiter European |
3 | Stewart Investors Asia Pacific Leaders |
4 | Vanguard Lifestrategy 60% Equity |
5 | Schroder US Mid Cap |
6 | Old Mutual North American Equity |
7 | iShares North American Equity Index |
8 | Vanguard FTSE UK Equity Income Index |
9 | Liontrust Special Situations |
10 | Lindsell Train UK Equity |
Ryan Hughes, head of active portfolios at AJ Bell, comments:
“It is clear that advisers are favouring overseas markets to the UK which, given the recent slowdown in UK GDP growth, is perhaps unsurprising. Fundsmith Equity is a staple in many portfolios, offering exposure to high quality global businesses with a very strong performance track record. Europe and Asia are also proving popular as advisers look to benefit from the strong growth opportunities these markets offer. Perhaps surprisingly the US has three funds in the top ten best sellers, with the potential benefits of Trump’s tax reforms clearly offsetting any fears around rising interest rates and full valuations.”