Investors using the Hargreaves Lansdown platform embraced Asian and emerging market equity funds in December.
The platform released its most bought funds on its platform, with JP Morgan Emerging Markets, First State Asia, and Schroders Tokyo among the 10 most bought funds.
The MSCI Emerging Markets index underperformed the broader MSCI All Country World index in the 2018 calendar year, but over the past three months emerging markets have returned just over 10 per cent, compared with 1 per cent for the rest of the world.
The pair of open ended funds run by Nick Train, the Lindsell Train UK Equity and Lindsell Train Global Equity, and the £16bn Fundsmith Equity fund also made the top 10.
Dzmitry Lipski, investment analyst at Interactive Investor, said: "[Fundsmith] has delivered strong returns and beat its IA Global sector and MSCI World index benchmark in every full calendar year since inception.
"Among its peers, the fund stands out as the best performer not only on an absolute return basis but also on a risk adjusted basis."
The most bought investment trust was the £1.6bn City of London trust which has increased its dividend for each of the past 51 years. Its manager, Job Curtis, recently increased the level of debt in the trust to buy more UK equities.
|Most bought funds, stocks, trusts and trackers by Hargreaves Landsdown clients (all listed alphabetically)|
FTSE 100 Stocks
First State Asia Focus
City of London Investment Trust
HSBC FTSE 250 Index
Edinburgh Investment Trust Scottish Mortgage Investment Trust
Legal & General European Index
JPMorgan Emerging Markets
Finsbury Growth & Income Trust plc
Legal & General International Index Trust
Lindsell Train Global Equity
JP Morgan Emerging Markets Investment Trust
Legal & General UK Index
Lindsell Train UK Equity
Lloyds Banking Group
Lindsell Train Investment Trust
|Legal & General US Index|
Marlborough Multi Cap Income
Royal Dutch Shell
Newton Global Income
Murray International Trust
Royal London Sterling Extra Yield Bond
Threadneedle UK Equity Income