Global and income funds most popular in January with Woodford on top

Neil Woodford

Investors flocked to global and income funds in January, research by the Share Centre shows, with the CF Woodford Equity Income fund remaining the most popular fund.

In the list of the most traded funds, 90 per cent of the constituents have global exposure or an income focus, with overall ‘buys’ outnumbering ‘sells’.

The CF Woodford Equity Income fund is followed by Fundsmith Equity – which is US-focused with a 64 per cent weighting – and Jupiter India.

Andy Parsons, head of investments at The Share Centre, says: “The data, which is based on the number of trades made by our customers, indicates that CF Woodford Equity Income was one of only two predominantly UK focussed funds to prove popular in January. The announcement that Neil Woodford will be launching a new fund in March, will only ensure that the spotlight and focus remains on his investment propositions.”

“Fundsmith Equity…is the first of many globally focused funds to feature in this list indicating investors are continuing to look for opportunities outside of the British shorelines.  Reinforcing that theme, the Jupiter India fund is likely to be featuring as a result of India continuing to be the preferred emerging market region for investors as they appreciate the opportunities being created due to reforms in the area.”

Other funds in the list are: “regular favourite” Stewart Investors Asia Pacific Leaders; Schroders US Mid-Cap; CF Miton US Opportunities; new “favourite” AXA Framlington Global Technology and Schroder Income Maximiser, which has returned to this list after a hiatus. Rounding out the list are “regular constituent over the last 12 months” Legg Mason Japan Equity and Newton Global Income.