The following 10 funds were the most popular amongst Bestinvest clients during August 2018.
Published on 07 Sep 20184 minute read
Written by Jason Hollands
Fundsmith Equity is back to the top spot after a brief stint in second place. Manager Terry Smith has gained a reputation for his outspoken views and he puts them into practice with this fund. He invests in 20-30 world-leading businesses that aim to deliver high returns and then holds them for the long term.
This popular fund has claimed the silver medal this month. Anthony Cross and Julian Fosh, fund managers, have a quality-growth investment style and look for companies that can produce a sustained growth of profits.
In at bronze, HSBC American Index has moved up three places since our last roundup! The main aim of this fund is to provide long-term capital growth by replicating the performance of the US stock market. It is an easy and low-cost way to invest in large-cap US equities – specifically those of the S&P 500 index.
Slipping down the scale and out of the top three, this fund is now in at number four. It currently invests in major global companies including Nintendo, PepsiCo and Disney. Fund managers Nick Train and Michael Lindsell focus mainly on developed markets and buy companies that they see as durable in all economic climates.
David Gait took over the helm for this fund from industry legend Angus Tulloch in 2016. People may have been nervous at first, but he has proven himself worthy of being in the top 10 this month with an impressive track record of his own. He focuses on shareholder-friendly, high-quality, big companies in Asia and Australasia, excluding Japan.
In at number six, this fund remains popular with investors who want to take moderate risks, can keep their money invested for a number of years and want some diversification away from equities.
Nick Train manages the fund and has a management style that is highly influenced by Warren Buffet. This fund is a relative newcomer to the top 10 and invests in a concentrated portfolio of companies with durable business models. Train believes all the companies will still be profitable in 20 years’ time, giving investors a good ground for long-term investing.
The fund has a multi-cap approach but invests mainly in larger companies. Fund managers, Dave Dudding and Mark Nichols, have the philosophy of ‘get rich slowly’. While this may not sound too exciting, it is certainly attractive to investors since the fund has moved up one place since June and three places since May. The fund aims to provide a degree of protection from falling markets as well as low volatility.
The fund is often less volatile than the rest of the market. Fund manager Alexander Darwall seeks out companies with proven management skills and superior products or services that he feels will grow regardless of the wider economy. This has made it popular with clients despite it seeming risky for holding only 35 stocks, with one of them making up 10% of the portfolio.
Jason de Tusch-Lec, fund manager, has been at the wheel since the fund was created in 2010. He achieves a balance of income, dividend growth and capital appreciation through his managerial methods. He invests in global companies and aims to get a rising income and capital growth.
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