Pease’s European Special Situations fund popular in March

The £1.2bn Crux European Special Situations fund has been among the most popular fund for investors in March, according to Hargreaves Lansdown.

Jupiter India and Neil Woodford’s new Income Focus fund also it into the top 10.

Hargreaves Lansdown senior analyst Laith Khalaf suspects investors are buying manager Richard Pease – who was recently profiled by Fund Strategy – as much as they are buying Europe, although he notes the investor sentiment towards the region has turned from modestly negative to modestly positive since the start of the year.

Confidence still lags behind other major markets though, Khalaf notes.

Given the Woodford Income Focus fund combines a portfolio with high yield with one of the UK’s best know fund managers, Khalaf is not surprised the fund has proven popular with investors. It was joined in the top 10 by the Woodford Equity Income fund.

He adds Jupiter India’s deserves its time in the spotlight.

“Fund manager Avinash Vazirani isn’t a household name like Neil Woodford yet, but he’s been doing a great job picking out investment opportunities in what is a dynamic and exciting market for long term investors.”

This fund has returned 57 per cent in the last year, compared with 41 per cent from the Indian stock market.

Fund manager Avinash Vazirani believes long term structural trends such as the proliferation of fast internet across the country, and the shift to formal savings accounts triggered by demonetisation, should benefit India in the long term.”

Fundsmith Equity and Lindsell Train’s Global Equity and UK Equity funds also made the list, along with Newton Global Income and Stewart Investors Asia Pacific Leaders.

The Legal & General US Index fund rounds out the top 10.