Top 10 most popular funds in October


Investors continue to focus on the UK, according to the latest figures from Barclays Stockbrokers.

It says 11 of the top 20 funds purchased by its clients in October were focused on the nation, with the Cazenove UK Smaller Companies fund taking top spot for the third consecutive month.

Overall purchases were up 60% year-on-year, highlighting investors' increasing confidence in the market, with UK funds having been a prime beneficiary of that improved sentiment in the past few months.

Barclays says the announcement of Neil Woodford's departure triggered a lot of movement in October; although the Invesco Perpetual High Income fund features in 14th place in the top 20, it was also the fund that saw the greatest level of outflows for the month.

Meanwhile, Alistair Thaw, head of client engagement at Barclays Stockbrokers, says interest in global and Japan-focused finds also remains high. The Baillie Gifford Global Discovery fund took third spot in October, while Legg Mason Japan Equity was the sixth most purchased fund.

"We do continue to see a variation in the specific funds our clients are purchasing. It is encouraging to see a variation in interest in the top half of the table, including appetite for Global Specialist funds," he says.

Barclays Stockbrokers top 10 funds October 2013

1. Cazenove UK Smaller Companies B
2. Unicorn UK Income
3. Baillie Gifford Global Discovery
4. Cazenove UK Smaller Companies A
5. BlackRock European Dynamic
6. Legg Mason Japan Equity
7. Axa Framlington Biotech
8. Marlborough UK Micro Cap Growth
9. Liontrust Special Situations
10. Standard Life UK Equity Unconstrained

This article was written for our sister website Money Observer

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