Three of the Vanguard Lifestrategy funds occupied the top six places and would have taken the top spot if viewed as a single investment proposition.
Jupiter India and Fidelity Global Technology were popular choices for specialist exposure.
Top ten most purchased funds via AJ Bell Youinvest during Q1 2017:
Woodford Income Focus
Vanguard Lifestrategy 60% Equity
Woodford Equity Income
Vanguard Lifestrategy 80% Equity
Vanguard Lifestrategy 100% Equity
Lindsell Train Global Equity
Fidelity Global Technology
Vanguard US Equity Index
Ryan Hughes, head of fund selection at AJ Bell, comments:
“Neil Woodford’s expertise and investment track record have given him an enviable reputation with DIY investors and they embraced his new fund via our platform in the run up to the end of the tax year. With the demand for income an ever increasing trend, an attractive yield target of 5% at launch has grabbed investor’s attention.
“Four passive funds from Vanguard in the top ten show the ongoing demand for low cost market trackers with the Vanguard Lifestrategy range being particularly popular. It’s interesting to see Jupiter India again in the top 10 as investors appear to have shrugged off the concerns at the end of last year generated by Prime Minster Modi’s withdrawal of all 500 and 1,000 Rupee notes.
“However, the Fundsmith Equity fund continues to top the charts as Terry Smith’s long term approach to investing in quality companies around the world resonates with investors favouring active management.”