Top 10 most popular investment funds – November 2019

Theres movement among the top order, a leapfrogging fund, and a new entry in our most-bought funds list.

The popularity of Vanguard’s low-cost trackers among private investors shows no signs of waning in our most-bought funds list.

Five of the US investment management giant’s funds are in our top 10 league table for November, while Vanguard LifeStrategy 80% Equity has hurdled Lindsell Train Global Equity to take the number two spot. The rankings are compiled using customer data of our parent company interactive investor.

Vanguard LifeStrategy 60% Equity, Vanguard LifeStategy 100% Equity, and Vanguard US Equity Index held firm in fourth, sixth and eighth place, respectively, while Vanguard FTSE Developed World ex UK Index slumped three places to 10th. The ongoing US/China trade dispute is still a headwind for emerging markets. Indeed, at the time of writing (3 December), US president Donald Trump suggested that a trade deal with Beijing could be a year away, and may be left until after the US presidential election in November 2020.

Elsewhere, Lindsell Train UK Equity has slipped another place since last month to seventh position. In September the fund, managed by respected investor Nick Train, experienced its largest ever investor withdrawals totalling £374 million. Behind the investor withdrawals, says Ben Yearsley, director of Shore Financial Planning, is “the sudden re-emergence of UK domestic stocks”.

Train’s fund is heavily tilted towards growth stocks, often with the majority of earnings generated abroad. But, says Yearsley: “Domestically focused and value funds have had a much better run over the last six weeks or so as has the pound, in that type of environment you will see money switch from one style to another.”

Rising up the ranking is Fidelity Global Technology, leaping four places to fifth position in a month. As Money Observer has suggested before, this global fund offers investors exposure to a broad variety of regions, which is arguably an attractive prospect given the backdrop of political uncertainty in the UK, and global trade tensions.

At the bottom of our table, Axa Framlington Global Technology, which has more than 85% of its holdings in the US, re-entered the top 10 as L&G International Index Trust bows out.

Rank Fund IA Sector Change since October 1-year return (to December 3) 3-year return
1 Fundsmith Equity Global no change 16.4% 67.5%
2 Vanguard LifeStrategy 80% Equity Mixed Investment 40%-85% Shares +1 10.6% 29.1%
3 Lindsell Train Global Equity Global -1 14.3% 75.4%
4 Vanguard LifeStrategy 60% Equity Mixed Investment 40%-85% Shares no change 10.2% 24.2%
5 Fidelity Global Technology Tech and Telecomms +4 26.3% 84.6%
6 Vanguard LifeStrategy 100% Equity Global no change 11.1% 34.2%
7 Lindsell Train UK Equity UK all companies -2 16.4% 51.6%
8 Vanguard US Equity Index North America no change 12.5% 43.5%
9 AXA Framlington Global Technology Tech and Telecomms new entry 24.1% 92.9%
10 Vanguard FTSE Developed World ex UK Index Global -3 12.3% 39.6%

 

Subscribe to Money Observer Magazine

Be the first to receive expert investment news and analysis of shares, funds, regions and strategies we expect to deliver top returns, plus free access to the digital issues on your desktop or via the Money Observer App.

Subscribe now

Add new comment