Initial reaction from the markets has been somewhat muted, however, UK equity funds, particularly those investing in mid and small domestic companies, should benefit from a potential pick-up in sentiment on the back of promised stimulus.
Neil Woodford is one of the best-known asset managers in the UK, having consistently delivered significant outperformance over more than 25 years in fund management. He has often been under intense media scrutiny, especially since leaving Invesco Perpetual in 2014 to set up Woodford Investment Management and launch the LF Woodford Equity Income fund.
Since the election a year ago, the S&P 500 has risen by 16.1 per cent and the FTSE All-Share by 13.9 per cent.
Japan was the second-best performer last month, according to figures from the Investment Association.
Despite slowing economic growth, UK equities made strong gains and reached record highs this year.
Investors should remember that every fund manager has stocks in his portfolio that can go through difficult times from time to time.
India has made much economic progress in its 70 years of independence, making it now a hot destination for international investors.
Despite the looming prospect of central banks raising rates, UK investors contonue to pile into fixed income funds.
There's a clear case for using commodities to help diversify a portfolio. Here are some fund options to consider.