10 most popular investment funds - August 2017
12th September 2017 09:11
by Marina Gerner from interactive investor
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Once again, Money Observer Rated Fund took the top position among the most-bought funds on Interactive Investor this August.
The fund has over half of its assets in US equities, and 19% in UK equities. It is managed by the highly regarded investor Terry Smith.
Eight of the 10 most-bought funds remain unchanged from July. Second on the list was Rated Fund . Jointly managed by Michael Lindsell and Nick Train, the fund returned 13.7% over six months and 22.9% over one year.
Neil Woodford's eponymous open-ended fund, , took third place. But, while it continues to be the second most popular fund, it was also one of the 10 worst performing funds in the Investment Association's sectors in August, losing 4% over the month.
Woodford hopes that sectors such as biotech will eventually pay off. Thanks to his popularity the fund remains in our top 10 despite underperforming the UK equity income sector over various time frames.
The fourth place in the list was taken by passive fund , which focuses on US, UK and European ex UK equities as well as global bonds. Fifth spot was taken by another passive fund, , which gained 2.8% over six months.
It was closely followed by , which gained 10.6% over the last six months and 85.3% over the last three years. The ongoing tax reforms are seen as a positive development for the dynamic Indian economy.
was the seventh most-bought fund in August, during which time it gained 2% and maintained its top-quartile ranking within the global equity income sector after a period of underperformance. It benefits from a global spread as one third of its holdings are in US equities, 16% in Italian equities and 6.9% are in UK equities.
Commenting on Artemis Global Income, Fund Expert's Brian Dennehy says: "Growth has come from big tech companies in the US, which the manager cannot hold as they don't pay dividends. Given the strong run these already expensive stocks have enjoyed, the manager is cautious on the outlook for the remainder of 2017."
It was closely followed by , which went up three places to take eighth spot in August.
Meanwhile, passive fund , which has 26% in US equities, 19% in global bonds, and 15% in UK equities, went down one place to ninth spot. And finally, the 10th spot was once again taken by , which has 61% in US equities and 9.9% in Japanese equities.
It is worth pointing out that four of the top 10 most-bought funds were passive ones, in keeping with a continuing wider trend to opt for low-cost tracker funds.
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.
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