Fundsmith Equity slips further down ii most bought list
Royal London Short Money Market first took the top spot in October 2023, where it remains, while the £22.7bn Terry Smith fund has since been further overtaken by L&G Global Technology Index and Vanguard LifeStrategy 80% Equity.
Royal London Short Money Market first took the top spot in October 2023, where it remains, while the £22.7bn Terry Smith fund has since been further overtaken by L&G Global Technology Index and Vanguard LifeStrategy 80% Equity.
The top ten list now includes seven tracker funds, five of which are Vanguard's. Other than Fundsmith's drop, the top ten list remained unchanged from November.
UK M&A fuelling 'relentless' de-equitisation drive
Kyle Caldwell, collectives editor at interactive investor, said: «Although Fundsmith Equity has slipped down our fund bestsellers table since it was knocked off the top spot in October, what has not changed is that Fundsmith Equity remains very popular with our customers.
»Smith focuses on high-quality companies, meaning firms with established businesses, reliable profits and steady growth, which should also be able to withstand an economic downturn."
In the investment trust space, income strategies continued to dominate, with eight dividend payers making their way into the top ten.
Scottish Mortgage continued to hold the number one spot, after being briefly overtaken in October, when it lost its streak as most-bought trust, which it began in June 2019.
The composition of the top five investment trusts remained unchanged, though JPMorgan Global Growth & Income rose from the number four spot in November to number two, overtaking Greencoat UK Wind and City of London.
3i Group, Pershing Square Holdings and Polar Capital Technology made their way into the top ten for
Read more on investmentweek.co.uk
