January's 10 most-bought funds
7th February 2017 11:39
by Marina Gerner from interactive investor
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For the 10th consecutive month a Rated Fund on our sister publication Money Observer, took the top position in the most-bought funds on Interactive Investor.
The fund has over half of its assets in US equities and it is managed by highly regarded investor Terry Smith. In our list it has been the most-bought fund ever since it toppled .
The names in the 10 most-bought funds in January remain unchanged from December. Neil Woodford's eponymous open-ended fund, which launched in June 2014, took second place. The UK equity income fund shed 2.2% over one month to 2 February and has gained 5.8% over one year.
Thanks to the popularity of its manager and his long-term view on sectors such as biotech, the fund remains hugely popular despite underperforming the Investment Association's UK equity income sector, which gained 13.4% over one year.
Passive popularity
Exactly half of the most-bought funds in January were passive ones. Third 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.
Money Observer Rated Fund remained fourth on the list. Jointly managed by Michael Lindsell and Nick Train since its launch in March 2011, the fund returned 2.4% over six months to 2 February and 25.8% over one year.
It was closely followed by , which once again to the fifth spot in January's list, while dropped three spots to take ninth place.
climbed one place to take sixth place. The fund has one third of its assets in US equities, a big underweight position compared to the 59% weighting for the country in the MSCI World Index.
The seventh position was taken by , which climbed three places. The fund gained 5.5% over the last month and has soared over the last three years, up 134.2%.
With this year's looming Brexit negotiations, uncertainty around US politics, and potential political change across Europe, investors have been turning to emerging market funds. In India specifically, new tax reforms are seen as a positive development for the economy.
The eighth place was taken by , which has 62% in US equities and 10% in Japanese equities. And finally, the 10th place was taken by another tracker, .
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.
This article was originally published in our sister magazine Money Observer, which ceased publication in August 2020.
These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. 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.
Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.