The Share Centre’s examination of the most popular funds in November reveals a mixed bag with equities, gold, technology and emerging market funds all making an appearance in the top traded.
The continued popularity of the CF Woodford Equity Income Fund demonstrates investors feel the need to opt for a “tried and test manager”, according to Andy Parsons, head of investments at The Share Centre.
It was closely followed in second and third place by the Jupiter India Fund and the Fundsmith Equity Fund respectively, showing a continued preference for the emerging market of India and investors’ need for a concentrated approach as offered by Fundsmith’s high volume of household names.
Parsons said: “November was another month of surprises to the markets as Donald Trump was elected the 45th President of the US. Trump is a businessman at heart and his pro-business measures and initiatives outlined in his campaigning have continued to flow post-election and subsequently aided the market in its continually upward trajectory. With the UK still facing so much uncertainty, it’s unsurprising to see the prominence of funds with overseas investment opportunities in the top traded fund list as investors sought global exposure.”
A move to more global funds was clear with three-quarters of funds offering worldwide investment opportunities. The Lindsell Train Global Equity Fund ranked fifth, the AXA Framlington Global Technology Fund at sixth and Jupiter’s Global Managed Fund came in at eighth place.
One other fund bucking the international trend was the Fidelity Enhanced Income Fund. At ninth most popular, the fund is strengthened by its portfolio of strong blue chip companies that pay out robust dividends despite its high exposure to the UK, Parsons said.
