The Fundsmith Equity fund and two Polar Capital funds are among the international picks The Share Centre has today announced it is adding to its preferred range of funds.
The share services business cited the importance of an geographically diversified portfolio as it added seven new funds to the Platinum 120 list.
On Fundsmith, Share Centre investment research manager Sheridan Admans says the fund is attractive due to its portfolio of defensive companies that are resilient to change and technological innovation and that have existing advantages that are difficult to replicate.
Admans adds that Terry Smith is “one of the industry’s most respected managers”.
As well as Fundsmith, Polar Capital’s Global Convertible Bond and Global Insurance funds also featured in the list.
The list was rounded out by Miton US Opportunities, JPM Global Macro Opportunities, the MAN GLG Continental European Growth the Schroders European Alpha Income funds.
Admans says: “We believe that a well-diversified portfolio should have exposure to various regions, sectors and multiple asset classes.
“Investing in the UK limits investors predominantly to financials, basic resources, engineering, support services and pharmaceuticals with a notable absence of tech firms, agriculture, auto, textiles and a broad base of manufactures.”
Admans says that The Share Centre is planning to “freshen” UK investment ideas in its list in response to “question marks” that hang over the UK following Brexit negotiations.
“We appreciate that overseas investing may not be for everyone and there are those that prefer to invest in UK plc.”