The Schroder Global Recovery, Barings Europe Select and Premier Miton Tellworth UK Smaller Companies funds have been dropped from AJ Bell’s Favourite Funds list.
The platform said there was overlap of investment process and underlying holdings between Schroder Global Recovery and Schroder Global Equity Income, which is also on the list.
On the rationale for the Barings fund removal, AJ Bell said it had lost confidence in the team’s ability to deliver long-term outperformance versus the benchmark, the MSCI Europe ex UK Small Cap Index.
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The removal of the Premier Miton fund was attributed to the fall from approximately £510m of assets at its peak in 2021 to just £50m. Shrinkage such as this reduces a fund’s profitability which risks it being closed, AJ Bell noted.
A total of four changes were made in the reshuffle, with an addition being the fourth of these.
The Dodge & Cox Worldwide Global Stock fund was added by the platform owing to what it described as the ‘high calibre’ of the firm in terms of investing in undervalued stocks.
The fund typically consists of 80-to-100 companies and has outperformed the broader MSCI ACWI index over the five years to the end of March 2026 on a risk and return basis.
Paul Angell, head of investment research at AJ Bell (pictured), said: “Our Favourite Funds list is under constant review to ensure we have the highest conviction in the funds we’ve selected.
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“As part of this process, we analyse each fund’s investment strategy, the fund managers, and their teams.
“We update the list to ensure it continually consists of funds which we believe have a strong chance of achieving their investment objectives.”
