Tilney Bestinvest 

Most popular funds with Tilney clients revealed

Most popular funds with Tilney clients revealed

Terry Smith and Nick Train's continued popularity with fund buyers is revealed by the release of Tilney’s list of the 20 most bought funds by clients of its Bestinvest platform.

Mr Smith’s £13.7bn Fundsmith equity fund and Mr Train’s £4bn Lindsell Train Global Equity fund are the two most bought products on the Bestinvest platform this year to date.

Mr Smith bought Facebook shares in February, having sold a previously long standing position in Dr Pepper Snapple.

Philip Milton, who runs Philip J Milton and Co, an advice firm in Devon, said Mr Smith has a momentum style of investing that may suffer in times of heightened volatility.

The most bought UK equity fund was Liontrust's Special Situations.

This is a £2.3bn fund run by Anthony Cross and Julian Fosh that has returned 35 per cent over the past three years to 22 March, compared with 16 per cent for the average fund in the Investment Association's UK All Companies sector in the same time period.

Only one passive investment, the HSBC American Index fund, makes the top 20.

The only non-equity fund to make the top 20 list is the £12.2bn Invesco Perpetual Global Targeted Return fund.

This product has returned 3.5 per cent over the past three years to 21 March, compared with 2.7 per cent for the average fund in the IA Targeted Absolute Return sector in the same time period.

The 10 most bought funds on the platform are:

  1. Fundsmith Equity 
  2. Lindsell Train Global Equity
  3. Liontrust Special Situations
  4. HSBC America Index fund
  5. Stuart Investors Asia Pacific Leaders 
  6. Fidelity Emerging Markets
  7. Threadneedle European Select
  8. Artemis Global Income 
  9. Threadneedle UK Equity Income 
  10. Woodford Equity Income

David.Thorpe@ft.com