Jupiter India emerged as the most popular fund in February on Interactive Investor’s platform, as II noticed a preference towards growth strategies, shifting from income investments.
Closely following Jupiter India for its popularity was Fundsmith Equity and the L&G Global Technology Index. The Global Technology Index invests heavily in artificial intelligence, where popular holding Nvidia hit share price peaks of over 250% last year.
Kyle Caldwell, collectives editor at Interactive Investor, said: “To me, this shows that some investors are becoming more confident and adventurous in the approach, further reflected by Jupiter India topping the table as the most-popular fund among our customers in February.
He added the L&G Global Technology Index fund is also “more suited to thrill seekers”. “[It] has plenty of exposure to the big US technology giants that are expected to benefit from advancements in artificial intelligence (AI). Investors need to be aware that this is a concentrated approach, with Microsoft and Apple accounting for just over a third of the fund.”
See also: Calastone: UK investors pour £2.66bn into equities for February
Investment trusts were led by Scottish Mortgage, JP Morgan Global Growth, and Greencoat UK Wind. Interactive Investor marked top-ten funds including Scottish Mortgage, Polar Capital Technology Trust, Allianz Technology and India Capital Growth as “adventurous approaches” in the sector.
“City of London, which has an income focus, remains in the top ten in eighth, but has slipped down from third spot in January. This is another sign of investors turning their attention more towards growth,” Caldwell said.
