As the ISA season draws to a close, data from online fund brokers Hargreaves Lansdown, AJ Bell and Bestinvest showed that these fund managers continued to find favour with ‘DIY investors’.
In March, the top ten funds bought by Hargreaves Lansdown’s ISA and Sipp investors included two of Citywire A-rated Woodford’s funds: the CF Woodford Equity Income and his newly launched Woodford Income Focus fund. Citywire AAA-rated Smith’s Fundsmith Equity also featured, alongside Crux European Special Situations, managed by Citywire AA-rated Richard Pease.
Two funds managed by Citywire A-rated Mike Lindsell and AA-rated Train feature in Hargreaves Lansdown’s top ten: the Lindsell Train Global Equity and Lindsell Train UK Equity funds. Investors were most likely drawn to the fund managers’ bias towards quality franchises and defensive earnings.
Stewart Investors Asia Pacific Leaders, managed by Citywire A-rated David Gait and AAA-rated Sashi Reddy, also made an appearance in the league table, despite the fund’s 4% initial charge for new investors.
India, which is undergoing change under reformist prime minister Narendra Modi, also attracted interest from investors. The Jupiter India fund, run by Avinash Vazirani, represents another top ten pick.
Here’s the full table...
|In alphabetical order…|
|CRUX European Special Situations|
|Legal & General US Index|
|Lindsell Train Global Equity|
|Lindsell Train UK Equity|
|Newton Global Income|
|Stewart Investors Asia Pacific Leaders|
|Woodford Equity Income|
|Woodford Income Focus|
|Source: Hargreaves Lansdown|
It was a similar story for AJ Bell’s ISA investors between January and early March. Fundsmith Equity was the most popular fund over the period, followed by Woodford Equity Income and Jupiter India. Lindsell Train’s Global Equity and UK Equity funds similarly featured.
For AJ Bell’s full table, see below.
|2||Woodford Equity Income|
|4||Lindsell Train Global Equity|
|5||Vanguard LifeStrategy 80% Equity|
|6||Stewart Investors Asia Pacific Leaders|
|7||BlackRock Gold and General|
|8||Fidelity Global Technology|
|9||Marlborough UK Micro Cap Growth|
|10||Lindsell Train UK Equity|
|Source: AJ Bell|
During February, Stewart Investors Asia Pacific Leaders was Bestinvest’s most popular fund. It was followed by Fundsmith Equity and Woodford Equity Income in third spot.