The top-ten list tracks sales figures back to the introduction of the Junior ISA, which provides parents a tax-efficient method of saving for their children’s future, in November 2011. All ten of the bestsellers are equity funds.

The Marlborough Special Situations fund topped the list, while the Woodford Equity Income fund snuck on in last place despite having been available for less than a year. 

According to Darius McDermott, managing director of Chelsea Financial Services, the list confirms that his JISA clients are prepared to go into higher risk areas including smaller companies, companies in recovery and emerging markets. 

He said: “Apart from the tax incentive, what really appeals about the Junior ISA is the length of investment horizon. Because Junior ISAs can only be accessed at the age of 18, parents with very young children can take on more investment risk.”

“Furthermore, record-low interest rates make the case for equities in Junior ISAs even more compelling. Presently, cash accounts and 10-year gilts return either a derisory or negative real return on investments when you factor in inflation. Moving into higher-risk investments is a calculated risk with Junior ISAs and looking at historical data equities have greater long-term potential for returns than cash.”

Sponsored

Wellness and wellbeing holidays: Travel insurance is essential for your peace of mind

Out of the pandemic lockdowns, there’s a greater emphasis on wellbeing and wellness, with

Sponsored by Post Office

See the top ten bestselling JISA funds below: