Woodford Equity Income tops Tilney Bestinvests best-selling funds for third consecutive month07 April 2015
Tilney Bestinvest's Managing Director Jason Hollands comments on the ten most popular funds for clients using the firm's Online Investment Service in March 2015:
“Investor enthusiasm for Neil Woodford’s Equity Income fund which launched last year continued in March 2015, with it once again topping the table as the most popular fund with Tilney Bestinvest’s Online Investment Service clients for the third consecutive month. Time will tell if the soon-to-launch Woodford Patient Capital Trust will replicate this popularity.
“Woodford Equity Income invests mainly in large-cap UK equities with some mid-cap and oversees exposure. Woodford tends to be a long-term holder and has a risk-averse approach. His portfolio can also be heavily skewed to certain sectors if he believes they are cheap. Woodford’s investment style leads him towards more businesses that are less sensitive to the economic cycle such as healthcare and tobacco - indeed his top holdings currently include AstraZeneca, Imperial Tobacco, British American Tobacco and GlaxoSmithKline.”
“Threadneedle European Select, managed by Dave Dudding, invests in a relatively small number of companies compared with the fund’s peers, primarily containing global companies that are domiciled in Continental Europe. Once Dudding has identified these high quality growth stocks, he typically holds companies for a long period until he believes the investment case for them has materially changed. We believe this is a solid ‘get rich slowly’, core European equity fund.”
“The first of two Japan funds to feature on our best sellers list for March, manager of Neptune Japan Opportunities Chris Taylor invests in a concentrated portfolio of Japanese securities and has used aggressive portfolio management techniques, including a high cash weighting and shorting in order to outperform the market. These techniques were particularly successful during the 2008 financial crisis but investors should be aware that at times the portfolio will not be fully invested in shares.”
“The Threadneedle Japan fund invests at least two-thirds of its assets in shares of companies in Japan or those that have significant operations there. Managed by Sarah Williams, the fund is predominantly equity-based but may also invest up to one third of the total assets in warrants, covered bonds and other instruments.”
“The First State Asia Pacific team, headed by industry heavyweight Angus Tulloch, has a fairly conservative investment style focused on high quality companies. Engagement with the management of the companies where the fund invests is key; the team making sure that senior managers’ interest are aligned with the shareholders’ ones. This approach has historically served investors well in what can be a very volatile region but with great long-term growth potential.”
“Managed by Linden Thompson, the fund invests principally in the equity securities of companies in the biotechnology, genomic and medical research industries. The fund invests worldwide in companies of all sizes, but the bulk of the portfolio will consist of US stocks, reflecting the location of much of the biotech industry. This is one of the few authorised funds investing in this highly specialist sector. Long term drivers for the area remain strong but performance can be volatile.”
“TwentyFour is a boutique manager entirely focused on fixed income, with the senior partners each have an average of 20 years’ experience in fixed income markets. The relatively small size of the fund enables the team to exploit investment opportunities and adopt a highly active approach to portfolio management. Although TwentyFour are soft closing the fund to new investors, it remains available for new investment on our Online Investment Service.”
“Fund manager Terry Smith has enjoyed a long and successful career in the City and has a reputation for being outspoken. His approach in managing the Fundsmith Equity fund involves investing in a concentrated portfolio of large, liquid stocks, then holding them for the long term. He invests in ‘quality’ companies, defined as those able to sustain high rates of return, often through intangible assets such as brands that deter competition. These are typically found in Europe or North America and often in the consumer staples sector.”
“The second UK Equity Income fund to feature in the top ten; Threadneedle UK Equity Income is managed jointly by Leigh Harrison and Richard Colwell. The duo take a fairly balanced approach investing predominantly in large and mid-cap UK equities, typically holding between 45 and 60 companies. The fund is managed on a total return basis, with stocks held both for their dividend and growth potential.”
“‘GARS’ has been a huge success for Standard Life, growing to a towering £24 billion in size since its launch in 2008. The fund is an umbrella for around 30 underlying individual investment strategies, utilising equities, bonds and currencies with the overall goal of aiming to generate positive returns over the medium term regardless of market conditions, with low volatility.”
At a glance, the ten most popular funds our Online Investment Service clients chose in March 2015:
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The value of investments, and the income derived from them, can go down as well as up and you can get back less than you originally invested. This press release does not constitute personal advice. If you are in doubt as to the suitability of an investment please contact one of our advisers.
Different funds carry varying levels of risk depending on the geographical region and industry sector in which they invest. You should make yourself aware of these specific risks prior to investing.
Targeted Absolute Return funds do not guarantee a positive return and you could get back less than you invested, as with any other investment. Additionally, the underlying assets of these funds generally use complex hedging techniques through the use of derivative products, which can carry additional risks which may not be immediately apparent.
Due to their nature, specialist funds can be subject to specific sector risks. Investors should ensure they read all relevant information in order to understand the nature of such investments and the specific risks involved.
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About Tilney Bestinvest
Tilney Bestinvest is a leading investment and financial planning firm that builds on a heritage of more than 150 years. We look after more than £9 billion of assets on our clients’ behalf and pride ourselves on offering the very highest levels of professional client service with transparent, competitive pricing across our entire range of solutions.
We offer a range of services for clients whether they would like to have their investments managed by us, require the support of a highly qualified adviser, prefer to make their own investment decisions or want to take more than one approach. We also have a nationwide team of expert financial planners to help clients with all aspects of financial planning, including retirement planning.
We have won numerous awards including UK Wealth Manager of the Year, Low-cost SIPP Provider of the Year and Self-select ISA Provider of the Year 2013, as voted by readers of the Financial Times and Investors Chronicle. We are pleased that our greatest source of new business is personal referrals from existing clients.
Headquartered in Mayfair, London, Tilney Bestinvest employs almost 400 staff across our network of offices, giving us full UK coverage, and we combine our award-winning research and expertise to provide a personalised service to clients whatever their investment needs.
The Tilney Bestinvest Group of Companies comprises the firms Bestinvest (Brokers) Ltd (Reg. No. 2830297), Tilney Investment Management (Reg. No. 02010520), Bestinvest (Consultants) Ltd (Reg. No. 1550116) and HW Financial Services Ltd (Reg. No. 02030706) all of which are authorised and regulated by the Financial Conduct Authority. Registered office: 6 Chesterfield Gardens, Mayfair, W1J 5BQ.
For further information, please visit: www.tilneybestinvest.co.uk
Tilney is a leading investment and financial planning group that builds on a heritage of more than 180 years. Our clients are private investors, charities and professional intermediaries who trust us with over £23 billion of their assets. We offer a range of services including financial planning, investment management and advice and, through our Bestinvest service, a leading online platform for those who prefer to manage their own investments.
We have won numerous awards. Tilney has been awarded Best Conventional Advisory Service at the 2018 City of London Wealth Management Awards, Best Advisory Service in the 2015 City of London Wealth Management Awards; Investment Award – Cautious category in the Private Asset Management Awards; and Stockbroker of the Year, Execution-only Stockbroker of the Year and Self-select ISA Provider of the Year 2015, as voted by readers of the Financial Times and Investors Chronicle. Bestinvest was voted Best SIPP Provider and Best Fund Platform at the 2017 City of London Wealth Management Awards, Best Direct SIPP Provider at the YourMoney.com Awards 2017, Best Stocks & Shares ISA Provider at the 2017 Shares Awards, as well as Best Self Select ISA Provider, Best Online/Execution-only Stockbroker and Best Investment Platform 2017 at the FT and Investors Chronicle Investment and Wealth Management Awards, as voted by readers of the FT and Investors Chronicle.
Headquartered in Mayfair, London, the Tilney Group employs over 1,000 staff across our network of 30 offices, enabling us to support clients with a local service throughout the UK.