ISAs  

Liontrust fund is favourite for junior Isas

Liontrust fund is favourite for junior Isas

Liontrust’s Special Situations fund has topped the league table for favourite junior Isa investments, according to data from Chelsea Financial Services.

The fund, which has been managed by Anthony Cross and Julian Fosh for 12 years, was the most popular junior Isa vehicle, followed by the M&G Global Dividend, which has been run by Stuart Rhodes since its launch in 2008.

Nearly 29 per cent of junior Isa money has gone into the Global sector, followed by UK All Companies at nearly 17 per cent, and Asia Pacific ex Japan at 16 per cent. 

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Darius McDermott, managing director of Chelsea Financial Services, said: “When it comes to investing for our children, it seems we are willing to take a little more risk than we are with our own money.

 “The spread of funds is also a lot more concentrated, with investors attracted to a handful of better-known funds with long-standing managers, who they obviously feel they can rely on for the long term."

By comparison, the UK Equity Income sector is still the most popular for adult stocks and shares ISAs, attracting 13.5 per cent of investments so far this Isa season.

Mr McDermott  said: “There are a lot of uncertainties in the world at the moment and I think investors are understandably playing it fairly safe this Isa season when it comes to their own investments. 

“With the longer time horizon of a junior Isa, however, investors are prepared to take more of a leap of faith.”

katherine.denham@ft.com