Investments  

Top ten funds with Hargreaves clients revealed

Top ten funds with Hargreaves clients revealed

While Hargreaves Lansdown clients continued to focus on global equities in February, two UK focused funds were also among the most bought on the platform during the month. 

The Lindsell Train UK Equity fund run by Nick Train and the £4bn Threadneedle UK Equity Income fund run by Richard Colwell made the list of ten most popular funds on the platform.

The Lindsell Train fund returned 10.7 per cent in the past year compared with 1.5 per cent for the average fund in the IA UK All Companies sector.

The Threadneedle mandate has returned 5 per cent over the past year, compared with one per cent for the average fund in the IA UK Equity Income sector in the same time period.

Laith Khalaf, senior analyst at Hargreaves Lansdown, said: "Global funds are the flavour of the day with Isa investors, as they look overseas for a home for their long term savings, as Brexit negotiations continue to rattle on here in the UK. 

"Lindsell Train and Threadneedle still manage to swim against the tide and land their UK equity funds in the top ten however.

"Investors are using passive strategies too, particularly in the US, which makes sense given how hard it’s proven for active managers to demonstrate consistent outperformance in this market."

Meanwhile the Fundsmith Equity fund also continued to be among the top ten. 

The fund has returned 146 per cent over the past five years, compared with 56 per cent for the average fund in the IA Global sector in the same time period.

Dzmitry Lipski, investment analyst at Interactive Investor, said: "Terry Smith is one of the best-known managers in the UK, who has developed a very strong track record on this fund.

"He has had a long and distinguished investment career and is sometimes referred to as the English Warren Buffet. This is high conviction concentrated strategy that could deliver good returns for investors over the longer term."

The next most popular fund on the Hargreaves Lansdown platform in February was the £1.2bn JP Morgan Emerging Markets fund, managed by Austin Forey and Leon Eidelman.

It has returned 66 per cent over the past five years, compared with 49 per cent for the average fund in the IA Global Emerging Markets sector in the same time period.

Most popular ISA funds (alphabetical order)

Fundsmith Equity

JPMorgan Emerging Markets

Legal & General International Index Trust

Legal & General US Index

Lindsell Train Global Equity

Lindsell Train UK Equity

Newton Global Income

Rathbone Global Opportunities

Royal London Sterling Extra Yield Bond

Threadneedle UK Equity Income

david.thorpe@ft.com