- Just two UK funds makes the top 10
- Bond funds make up a third of the list
Top 10 most purchased
Active Funds in June 2018
Schroder US Mid Cap
Stewart Investors Asia Pacific Leaders
Old Mutual North American
Jupiter Strategic Bond
M&G Optimal Income
Lindsell Train UK Equity
Artemis High Income
Liontrust Special Situations
Laura Suter, personal finance analyst at AJ Bell, comments:
“No one region dominated in June, with advisers spreading their purchases between funds focused on the US, Europe, Asia-Pacific and global stock markets.
“Bond funds made a comeback this month, accounting for three funds on the list, as advisers continue to hunt for income in a low-rate environment. Advisers may also be seeking out some protection as they get nervous that the current bull market is getting long in the tooth.
“Advisers continue to shun UK funds, amid concerns about Brexit, with just two UK-focused funds appearing in the top 10. This continues the theme we’ve seen since Brexit, with £8bn of investor money flowing out of UK funds in the past two years.”