May’s most widely bought and sold funds

We reveal the funds most commonly bought and sold by customers using our investment platform in May.

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  1. Rob Morgan

Terry Smith’s Fundsmith Equity continued to be the most popular fund for new investment among Charles Stanley Direct customers in May.  

Mr Smith has built a significant following since he launched this fund in 2010. His no-nonsense approach to global equities has proven very effective – and investors have enjoyed significant outperformance versus the fund’s benchmark, the MSCI World index - although past performance is not a guide to the future.

Another popular global equity fund, Lindsell Train Global Equity, was also widely purchased as was Nick Train’s UK fund, Lindsell Train UK Equity.

Artemis Global Income remained a popular option for exposure to high yielding global stocks, and JOHCM UK Equity Income was a firm favourite for income-seeking investors wishing to allocate to UK equities.

Investors choosing a passive or tracker route prioritised Legal & General US Index for allocating specifically to US equities, while Fidelity Index World was the most popular option for low-cost global equity exposure.

Funds in Vanguard’s passive LifeStrategy range were once again popular with those wishing to take a balanced investment approach encompassing both equities and bonds. These offer cost-efficient passive exposure to diversified portfolios and automatically rebalance to maintain a specific asset allocation.

Among the most sold funds were a number of widely held investments, likely a result of general trading activity. There was, however, evidence of investors taking profits from growth-orientated areas that have done well in recent years such as Technology.

Neil Woodford’s CF Woodford Equity Income continued to wane in popularity among Charles Stanley Direct customers. The well-known manager’s short term performance has continued to disappoint, and as we noted in our update on the fund earlier this year the smaller company, growth-orientated part of the fund is increasingly dominating returns.  Since then the situation has become more problematic for the manager due to continued outflows, which means he has had to sell certain holdings to fund withdrawals. It has now been announced that dealing in the fund had been suspended.

Remember, although certain funds have been popular with our customers, this does not imply that you should follow suit. Any investment you choose should meet with your own personal circumstances and objectives, taking into consideration your existing portfolio.

Table: The top ten fund buys (in terms of number of trades) through Charles Stanley Direct in May 2019. Listed alphabetically. Does not include regular savings.

Artemis Global Income

Fidelity Index World

Fundsmith Equity

JOHCM UK Equity Income

Legal & General US Index

Lindsell Train Global Equity

Lindsell Train UK Equity

Vanguard LifeStrategy 100% Equity

Vanguard LifeStrategy 60% Equity

Vanguard LifeStrategy 80% Equity

 

Table: The top ten fund sells (in terms of number of trades) through Charles Stanley Direct in May 2019.  Listed alphabetically.

Artemis Global Income

AXA Framlington Global Technology

Baillie Gifford American

Fundsmith Equity

Henderson Global Technology

Invesco Asian

JO Hambro UK Equity Income

L&G US Index Trust

LF Woodford Equity Income

Merian UK Smaller Companies

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