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

Revealed: the most-popular funds post-Brexit

Written by:
Investors stuck with seasoned fund managers over rising stars in July as anxiety took hold following the surprise Brexit vote.

Terry Smith and Neil Woodford held onto the two top spots on Tilney Bestinvest’s most-bought fund list last month with the Fundsmith Equity and CF Woodford Equity Income.

The two funds have interchanged between first and second position on the list since February 2016.

Fundsmith Equity invests in quality growth companies across global developed markets and currently has 61% in US companies and 22% in the UK, while Woodford looks for resilient businesses less affected by the global economic cycle.

While retail investors withdrew a record £3.5bn from investment funds in June in the lead up to the referendum, share prices quickly rebounded after the ‘leave’ vote following an initial slide, defying gloomy projections of a meltdown.

However, there were pockets of stress, notably for property investors, with a number of commercial property funds deciding to suspend dealing.

Jason Hollands, managing director at Bestinvest, said: “When it came to our own clients, there was no evidence of panic selling in the aftermath of the referendum. Rather there was a step up in buying activity, as some clients sought to take advantage of the immediate dip and fears of a more dramatic slide evaporated.”

Equities continued to make up the majority of the most-popular funds list, a trend witnessed throughout 2016 so far.

Other funds making the list include Threadneedle European Select, AXA Framlington UK Select Opportunities and Stewart Investors Asia Pacific Leaders, implying investors are more positive about prospects for emerging markets. The fund has 24% in India.

Every fund in July’s top ten rankings has previously appeared at least three times in Bestinvest’s most-popular fund tables over the last six months.

10 most-bought funds in July:

Fund name
1. Fundsmith Equity
2. CF Woodford Equity Income
3. Tilney Bestinvest Growth Portfolio
4. Tilney Bestinvest Aggressive Growth Portfolio
5. HSBC American Index
6. Stewart Investors Asia Pacific Leaders
7. Threadneedle European Select
8. Threadneedle UK Equity Income
9. AXA Framlington UK Select Opportunities
10. Legg Mason Japan Equity

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.

Your right to a refund if travel is affected by train strikes

There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

How to help others and donate to food banks this winter

This winter is expected to be the most challenging yet for the food bank network as soaring costs push more pe...

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.

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?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week