November's 10 most-bought funds
8th December 2016 09:00
by Marina Gerner from interactive investor
Share on
The top position in the most-bought funds on the Interactive Investor platform has been taken by , one of our sister magazine Money Observer's Rated Funds, for the eighth consecutive month.
Managed by highly regarded investor Terry Smith, the fund has over half of its assets in US equities. Eight months ago it toppled and has remained the most-bought fund ever since.
The names in the 10 most-bought funds in November remain unchanged from October. Neil Woodford's eponymous open-ended fund, which launched in June 2014, took second place.
The UK equity income fund shed 3% over one month to 2 December and gained 1.4% over six months. It remains popular despite underperforming the Investment Association's UK equity income sector, which gained 4.1% over six months.
Caution prevails
Money Observer Rated Fund was third on the list. Jointly managed by Michael Lindsell and Nick Train since its launch in March 2011, the fund returned 11% over six months to 2 December.
Half of the most-bought funds in November are passive ones. The fourth place in the list was taken by , which focuses on North American equities, UK equities and European ex UK equities as well as global bonds.
was the fifth most-bought fund in November. It benefits from a global spread as one third of its holdings are in US equities, about 13% in UK equities and 8% in German equities.
It was closely followed by , which dropped one spot to take seventh place in November's list, while took eighth place.
The popularity of the 60% and 80% equity tracker over the 100% one could indicate that investors are becoming more cautious as they choose to move to a higher proportion of bonds in their tracker funds.
The sixth position was taken by , which climbed one place. The fund lost 13.1% over the last month but has gained an astonishing 112% over the last three years.
With increasing uncertainty around US president-elect Donald Trump's policies, looming Brexit negotiations, and political change across Europe, investors have been turning to emerging market funds over the last month.
In India specifically, new tax reforms are seen as a positive development for the economy.
The ninth place in the top 10 was taken by , which shed 2.1% over one month. The 10th spot was taken by , which has 62% in US equities and 10% in Japanese equities.
| November's 10 most-bought funds | |||||
|---|---|---|---|---|---|
| Rank | Fund | IA sector | Change from October | 1m total return to 2 Dec (%) | 3yr total return to 2 Dec (%) |
| 1 | Fundsmith Equity* | Global | - | -5.9 | 71.9 |
| 2 | CF Woodford Equity Income | UK equity income | - | -3 | n/a |
| 3 | Lindsell Train Global Equity* | Global | - | -6.2 | 58.4 |
| 4 | Vanguard LifeStrategy 80% Equity | Mixed investment 40-85% shares | - | -1.1 | 33 |
| 5 | Artemis Global Income* | Global equity income | - | -1.2 | 42.5 |
| 6 | Jupiter India | Specialist | 1 | -13.1 | 111.9 |
| 7 | Vanguard LifeStrategy 60% Equity | Mixed investment 40-85% shares | -1 | -1.3 | 29 |
| 8 | Vanguard LifeStrategy 100% Equity | Global | - | -0.9 | 37.1 |
| 9 | HSBC FTSE All Share Index | UK all companies | - | -2.1 | 14.3 |
| 10 | Vanguard FTSE Developed World ex UK | Global | - | -0.5 | 47.5 |
| *denotes a Money Observer Rated Fund | |||||
This article was originally published in our sister magazine Money Observer. Click here to subscribe.
This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.