You are here: Home - Investing - Experienced Investor - News -

Investors turn to global funds but Woodford stays on top

Written by: Paloma Kubiak
Neil Woodford's UK equity income fund remained top of the fund sales chart in November but investors also showed a preference for overseas funds.

The Share Centre’s top 10 bought funds in November 2016 included India, Japan, global and US funds.

But CF Woodford Equity Income hung onto the top spot.

“Investors are clearly demonstrating the need for a tried and trusted manager and investment approach,” said Andy Parsons, head of investments at The Share Centre.

Here is a complete list of the top 10 bought funds in November:

1. CF Woodford Equity Income fund
2. Fundsmith Equity Income fund
3. Jupiter India fund
4. Legg Mason Japan Equity fund
5. Lindsell Train Global Equity fund
6. AXA Framlington Global Technology fund
7. Fidelity Enhanced Income fund
8. Vanguard Life Strategy 40% Equity fund
9. Newton Global Income fund
10. Schroder US Mid-cap fund.

“November was another month of surprises to the markets as Donald Trump was elected the 45th President of the United States,”  Parsons said.

“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.”

Fundsmith Equity and Jupiter India secured their places of second and third respectively. Parsons said India continues to be the “preferred emerging market region” as investors appreciate the opportunities being created due to reforms in the region.

The Fundsmith Equity fund provides investors with a high conviction, concentrated approach, with the vast majority of underlying investments being household names from a global perspective.

Fourth and fifth positions are taken up by international funds which demonstrates investors’ appetite for alternative regions.

Fourth position was taken by the Legg Mason Japan Equity fund, possibly as a result of investors looking for chances to benefit from the weaker yen.

Fifth position is consumed by a new entrant this month and comes in the shape of the Lindsell Train Global Equity fund. This fund has a concentrated portfolio and offers investor’s exposure to the US, Japan, Europe as well as the UK.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Big flu jab price hikes this winter: Where’s cheapest if you can’t get a free vaccine?

Pharmacies, supermarkets and health retailers are starting to offer flu jabs ahead of the winter season, but t...

Is now the time to fix your energy deal?

Fixed energy tariffs all but disappeared during the energy crisis. But now they are back with an increasing nu...

Everything you need to know about the pension triple lock

Retirees are braced to receive another bumper state pension pay rise next year due to the triple lock mechanis...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

The best student bank accounts in 2023: Cash offers, tastecards and 0% overdrafts

A number of banks are luring in new student customers with cold hard cash this year – while others are compe...

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Money Tips of the Week