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Share Centre reveals top funds for June

Cherry Reynard
Written By:
Cherry Reynard
Posted:
Updated:
29/07/2014

The Share Centre has revealed the most popular funds on its platform in June. Andy Parsons, head of investment research at the group, gives his views.

“While the name may not give it away, the SWIP Foundation Growth Income fund is a tracker fund that looks to replicate the performance of the FTSE All Share index before charges and expenses. While being a tracker, oversight of the fund is undertaken by Caroline Silander.

“The Jupiter Global Managed fund invests in international companies that are considered to be undervalued and offering long-term prospects for growth. For those investors seeking a truly global mandate this fund, managed by Simon Somerville, may well suite – albeit the fund does have prominent US exposure.

“After its well publicised launch in June of this year, the CF Woodford Equity Income fund features twice as investors opt for both the accumulation and income units of the fund. For investors who have historically followed Woodford, his new venture will continue to bring his formidable reputation and style of income investing to the table. Many will be hoping he continues the success he had at Invesco Perpetual.

“The Artemis UK Growth fund has been managed by Tim Steer since 2009, and seeks to identify companies that have the ability to deliver long term growth prospects from operations that are either headquartered or deliver a significant proportion of their earnings from the UK. Investors should also be aware that Steer has the flexibility to short stocks should he wish.

“Invesco Perpetual UK Growth fund continues to show investor appetite for UK centric style funds. The fund seeks to invest primarily in UK companies, although with the flexibility to invest a small percentage overseas should the manager believe the valuation and opportunity is compelling.

“While there has been significant coverage of the most high profile of fund launches in many a year by Woodford, the Invesco Perpetual High Income fund still remains a core holding and investment opportunity for many. Now under the leadership of the impressive Mark Barnett, the fund remains defensively aligned and we believe Mark will continue in Neil’s footsteps.

“Newton is renowned for its income funds and the Newton Asian Income fund aims to deliver an income yield of at least 35% higher than that of the FTSE AW Asia Pacific ex-Japan Index. Managed by Jason Pidcock, the fund invests in approximately 45 – 55 stocks which are picked on a thematic basis.

“For the majority of investors, investing in emerging markets would have been the furthest thought on their minds given the considerable pull back witnessed in their markets over the last 18 months. However, investors who firmly believe in the opportunity and cultural changes evolving within the regions, alongside depressed valuations, the Aberdeen Emerging Markets Equity fund may well provide a longer term investment opportunity.”

1 – SWIP Foundation Growth Income fund

2 – Jupiter Global Managed fund

3 – Legal & General UK Index fund

4 – CF Woodford Equity Income fund – accumulation

5 – Artemis UK Growth fund

6 – CF Woodford Equity Income fund – income

7 – Invesco Perpetual UK Growth fund

8 – Invesco Perpetual High Income fund

9 – Newton Asian Income fund

10 – Aberdeen Emerging Markets Equity fund