North America

Introduction to North America

North American funds focus on companies that are domiciled in the United States and Canada. These could be companies that generate the majority of their revenues domestically or those that have extensive revenues from outside North America. The US market is the largest and broadest in the world and therefore fund managers have a large selection of stocks and sectors from which to choose.

The benchmark indices are the S&P 500, the Dow Jones industrial average and the technology-focused Nasdaq. Among the major constituents of the S&P 500 are the technology giants of Apple and Microsoft, oil majors Exxon Mobil and Chevron, plus consumer goods groups Johnson & Johnson and Proctor & Gamble, but many fund managers prefer to focus on smaller or mid cap stocks.

The North American market is usually seen as more 'defensive' than other markets - it tends to hold its value even when times are tough. However, because it is large and liquid and there are a lot of market participants, it is also seen as extremely efficient. There don't tend to be as many mispricing opportunities for active managers to exploit. North America managers follow a variety of styles, some prioritising high growth companies, others preferring more 'value' names trading at cheaper prices.

The tax treatment of investments is subject to tax law and HMRC practice which are subject to change. The value of investments may be affected by exchange rate movements where the underlying investments are not denominated in Pounds Sterling.

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington American Growth Z Acc34.7656.39113.91597.47-Buy
AXA Rosenberg American Z Acc44.6769.85136.45207.471.29Buy
Aberdeen Global North American Equity R2 GBP40.1852.0097.28139.790.50Buy
Aberdeen North American Equity I Acc GBP40.7253.58103.64177.970.70Buy
Allianz US Equity C Acc43.8069.57111.7031.300.52Buy
Artemis US Equity I Acc GBP40.18--24.210.29Buy
Artemis US Extended Alpha I Hedged Acc GBP---584.79-Buy
Artemis US Extended Alpha I Acc GBP43.66--584.79-Buy
Artemis US Select I Hedged Acc GBP---558.830.20Buy
Artemis US Select I Acc GBP39.50--558.830.17Buy
Artemis US Smaller Companies I Acc GBP56.58--113.89-Buy
Aviva Inv US Equity Income II 2 Acc GBP49.5071.70-325.101.97Buy
Aviva Inv US Equity Income 2 Acc50.8474.60129.06293.452.09Buy
Baillie Gifford American B Acc49.4678.69136.32539.29-Buy
BlackRock North American Equity Tracker D Acc47.0771.42134.594,484.751.40Buy
BlackRock US Dynamic D Acc46.2168.28130.5680.460.32Buy
BlackRock US Equity Tracker D Acc46.1273.99-1,064.681.37Buy
BlackRock US Opportunities D Acc43.5261.04129.5683.340.12Buy
CF Canlife North American C Acc GBP55.9173.32132.33215.401.24Buy
CF Miton US Opportunities B Acc47.2874.94-238.360.19Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Framlington American Growth Z Inc34.7256.36114.12597.47-Buy
Artemis US Select I Inc GBP39.48--558.830.14Buy
Aviva Inv US Equity Income II 2 Inc GBP49.4971.68-325.102.01Buy
Aviva Inv US Equity Income 2 Inc50.8174.58129.08293.452.11Buy
Baillie Gifford American B Inc49.4678.73136.23539.29-Buy
BlackRock US Dynamic D Inc46.1368.19130.5180.460.32Buy
BlackRock US Opportunities D Inc43.6361.18129.7683.340.12Buy
Capital Group Investment Company of America (LUX) ZD GBP---335.12-Buy
Cavendish North American B Inc38.3557.0495.85117.260.40Buy
Dodge & Cox US Stock D GBP62.1777.95169.64402.60-Buy
F&C US Smaller Companies C Inc55.0866.19139.1480.45-Buy
Fidelity Index US W Inc45.7374.95-820.001.50Buy
GAM North American Growth Inst Inc54.0852.83119.57292.86-Buy
HSBC American Index C Inc43.2774.66142.672,572.891.23Buy
JPM America Equity C Inc43.63--21.330.08Buy
JPM US C Inc39.0966.38131.81536.710.54Buy
JPM US Equity Income B Inc44.1971.17129.733,754.421.79Buy
JPM US Equity Income C Inc44.5572.54132.723,754.421.77Buy
JPM US Equity Income C Hedged Inc21.2727.4479.193,754.422.09Buy
JPM US Select C Inc44.6673.05148.20205.510.41Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Blackrock North American Income Trust Plc ORD 1P60.2867.21--1.61173.29Buy
Canadian General Investments GBP50.6332.7341.26-33.061,774.04Buy
Gabelli Value Plus Trust PLC46.65---4.56140.66Buy
JP Morgan American IT plc48.7260.60122.09-3.66390.30Buy
JP Morgan US Smaller Companies IT PLC Ord 2.5P72.1669.14190.53-1.85281.96Buy
JZ Capital Partners 6%CULS 20217.13----Buy
JZ Capital Partners Ord41.2134.4992.58-35.49810.79Buy
JZ Capital Partners ZDP 202211.20----Buy
Jupiter US Smaller Companies PLC Ord 25P65.8931.7792.00-10.55992.12Buy
Middlefield Canadian Income Trust I59.5922.0733.23-11.18120.75Buy
North Atlantic Smaller Companies IT9.3260.83160.68-16.983,022.23Buy
The North American Income Trust plc Ord 25p67.0269.01118.84-7.971,364.81Buy

ETFs

Name6 Months (%)1 Year (%)3 Years (%)5 Years (%)CurrencySector
DB X-Trackers MSCI USA Index UCITS ETF 1C GBP16.6646.8675.22140.98GBXEquity - USABuy
DB X-Trackers S&P 500 Inverse Daily UCITS ETF GBP2.68-5.46-4.15-42.09GBXEquity - USABuy
DB X-Trackers S&P 500 UCITS ETF 1C GBP16.5946.8576.64143.11GBXEquity - USABuy
ETFS Russell 2000 US Small Cap GO UCITS ETF GBP24.3461.7361.87137.70GBPEquity - USABuy
First Trust US Large Cap Core AlphaDEX UCITS ETF A Acc GBP17.6850.9569.63-GBXEquity - USABuy
HSBC MSCI USA GBP16.2946.0373.47135.22GBXEquity - USABuy
LYXOR UCITS ETF CANADA (S&P TSX 60) D GBP17.9667.2032.0330.76GBXEquity - North AmericaBuy
Lyxor UCITS ETF Dow Jones Industrial Average D USD8.3626.5727.54-USDEquity - USABuy
PS Dynamic US Market UCITS ETF GBP20.2248.1263.97151.21GBXEquity - USABuy
PS EQQQ Nasdaq 100 UCITS ETF GBP21.3946.0694.48180.44GBXEquity - USABuy
PS FTSE RAFI US 1000 UCITS ETF GBP19.6352.8573.26145.76GBXEquity - USABuy
SPDR S&P 500 UCITS ETF GBP16.2946.3075.60-GBPEquity - USABuy
SPDR Russell 2000 US Small Cap UCITS ETF GBP25.7465.85--GBPEquity - Small Cap USABuy
SPDR Russell 3000 US Total Market UCITS ETF GBP17.2048.13--GBPEquity - USABuy
SPDR S&P 500 Low Volatility UCITS ETF GBP6.7337.7480.71-GBPEquity - USABuy
SPDR S&P US Dividend Aristocrats UCITS ETF GBP11.6453.0480.94136.84GBPEquity - USABuy
Source MSCI USA USD6.0822.9028.1888.89USDEquity - USABuy
Source Russell 2000 USD14.4037.6220.3488.30USDEquity - USABuy
UBS ETFs plc - MSCI USA SF UCITS ETF (USD) A Acc GBP----GBXEquity - USABuy
UBS (Irl) ETF plc - MSCI USA UCITS ETF (USD) A Dis GBP15.4644.6370.31-GBXEquity - USABuy

Disclaimer

Interactive Investor does not endorse any particular product. If you are unsure about whether an investment is suitable for you please seek advice from a financial advisor.