These actions led to the fund being the most traded at The Share Centre, placing it ahead of Fundsmith Equity and Jupiter India.

However rather than it being an indictment on Woodford, Andy Parsons, head of investment at The Share Centre, said it’s possible investors are selling out of the fund in preparation of the upcoming launch of the new Woodford Income Focus fund on March 20.

“For many investors, the start of 2017 has provided a bit of an investment conundrum,” Parsons said.  “Despite concern around Brexit negotiations, the UK market has continued to rise while US stock markets continue to record new daily highs almost every day. And then added to the mix is the real geo-political uncertainty within Europe as we head into key elections.”

While the Fundsmith Equity fund has some weighting to the UK, some 64% of the portfolio is geared to the US making it the first of several globally focused funds to feature in the top 10 list of traded funds. Parsons said this indicates that investors are continuing to look for opportunities outside of the British shorelines.

“Reinforcing that theme, the Jupiter India fund is likely to be featuring as a result of India continuing to be the preferred emerging market region for investors as they appreciate the opportunities being created due to reforms in the area,” he added.

The full list of the top 10 traded funds in February are below:

1     CF Woodford Equity Income

2     Fundsmith Equity

3     Jupiter India

4     Legg Mason IF Japan Equity

5     Newton Global Income

6     Stewart Investors Asia Pacific Leaders

7     Jupiter Global Managed

8     Man GLG Continental European Growth

9     Schroder US Mid-Cap

10   Rathbone Global Opportunities