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Here's what investors bought this ISA season

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Here's what investors bought this ISA season

Private investors have poured money into well-known fund managers Neil WoodfordNick Train and Terry Smith ahead of the ISA deadline.

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 
Fundsmith Equity 
Jupiter India 
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.

Thematic funds - Fidelity Global Technology and BlackRock Gold and General – also found favour.

For AJ Bell’s full table, see below.

1Fundsmith Equity
2Woodford Equity Income
3Jupiter India
4Lindsell Train Global Equity
5Vanguard LifeStrategy 80% Equity
6Stewart Investors Asia Pacific Leaders
7BlackRock Gold and General
8Fidelity Global Technology
9Marlborough UK Micro Cap Growth
10Lindsell 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.

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Nick Train
Nick Train
3/165 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 54.59%
Terry Smith
Terry Smith
15/486 in Equity - Global (Performance over 3 years) Average Total Return: 77.96%
Michael Lindsell
Michael Lindsell
5/486 in Equity - Global (Performance over 3 years) Average Total Return: 94.06%
David Gait
David Gait
208/486 in Equity - Global (Performance over 3 years) Average Total Return: 49.07%
Neil Woodford
Neil Woodford
91/91 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: -10.36%
Avinash Vazirani
Avinash Vazirani
39/41 in Equity - India (Performance over 3 years) Average Total Return: 27.05%
Richard Pease
Richard Pease
72/101 in Equity - Europe Excluding UK (Performance over 3 years) Average Total Return: 30.34%
Sashi Reddy
Sashi Reddy
102/149 in Equity - Asia Pacific Excluding Japan (Performance over 3 years) Average Total Return: 47.05%
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