Most bought funds in October
Source: The Share Centre
Evy Hambro’s BlackRock Gold & General, Neil Woodford’s Invesco Perpetual Monthly Income Plus and High Income, and John Chatfeild-Roberts’ Jupiter Global Managed were all in the top-10 for sales for the month.
"The Jupiter Global Managed fund has long been a favourite for many of our investors seeking true global diversification from a fund, while BlackRock Gold & General was no doubt chosen by those investors seeking the potentially safer haven of gold," said Andy Parsons, advice team manager at The Share Centre.
He added: "It should be remembered that the gold fund focuses on corporates involved with the precious metal."
One surprise addition to the list given all the economic turmoil within the region was the M&G European High Yield Bond fund.
Performance of fund vs sector over 3-yrs
Source: FE Analytics
FE Analytics data shows the fund lagging its IMA Global Bond sector since its launch in 1999, returning 52.3 per cent compared with 100 per cent, but faring better over the shorter-term.
Other top-selling funds showed growing popularity for global diversity.
"The Newton Asian Income fund demonstrates that investors' appetite for income has stretched beyond the more traditional UK shorelines to a region of the world that will undoubtedly have significant impact on future global growth," Parsons explained.
A recent FE Trustnet article showed emerging markets were offering up higher yields on their bonds than their western counterparts.
As usual, the top-traded fun in October was the Legal & General UK Index tracker fund; the fund always appears as it is the default investment option for those who had their child trust fund voucher invested via The Share Centre and did not select their own fund.