August's top five funds

Published by Tanzeel Akhtar on 03 September 2013.
Last updated on 04 September 2013

Pound coins

M&G GLOBAL DIVIDEND FUND

The fund attracting the most money in the UK open-ended investment companies sector over a one-month period is the M&G Global Dividend fund.

The £7.5 billion fund, managed by Stuart Rhodes, was at £7 billion a over a month ago, and has attracted approximately £524 million between 2 August and 2 September.

Rhodes' fund aims to deliver a dividend yield above the market average by investing in a range of equities. It aims to grow distributions over the long term while also maximising total return (the combination of income and growth of capital).

Over one year, M&G Global Dividend has returned 19.6% compared with 17.6% in the UT Global sector as at 30 August.

Top holdings in the fund include Prudential, Methanex, Microsoft, Novartis and Johnson and Johnson.

SCOTTISH WIDOWS EMERGING MARKETS FUND

The fund to attract the second-highest inflows is the £622 million Scottish Widows Emerging Markets fund, managed by Iain Fulton. Between 2 August and 2 September the fund attracted £347 million.

The top five holdings in the fund are: Samsung Electronics, iShares MSCI Emerging Markets, Taiwan Semiconductor Manufacturing, China Mobile and Tencent. The fund invests in long-term capital growth through shares of companies based in developing countries.

NEWTON REAL RETURN

The third-most-popular fund is the £8.1 billion Newton Real Return, managed by Iain Stewart and James Harries. The fund's objective is total return comprised of long-term capital growth and income by investing in a broad multi-asset portfolio.

Top holdings in the fund include US Treasury Bond (BOND 3.125% BDS 15/02/43 USD100), GlaxoSmithKline, Bayer, Reynolds American and Noratis.

NEWTON GLOBAL EQUITY

The fourth is the £1.6 billion Newton Global Equity, managed by Jeff Munroe and Paul Markham. The fund objective is to aim for long-term capital growth by investing in equities and similar investments in companies listed globally.

The top five holdings in the fund are Toyota, Roche, Bayer, Microsoft and Novartis.

CAZENOVE UK OPPORTUNITIES FUND

The £2.1 Cazenove UK Opportunities fund, managed by Julie Dean, completes the top five.

Top holdings in Dean's fund include Rio Tinto, Barclays, Melrose Industries, Legal & General and Reed Elsevier.

Funds attracting most money in August

FUND NAME SIZE ONE MONTH AGO (£m) SIZE NOW (£m)
M&G Global Dividend 7,045.91 7,511.42
Scottish Widows Emerging Markets 288.5 622.83
Newton Real Return 8,004.78 8,199.74
Newton Global Equity 1,331.84 1,669.87
Cazenove UK Opportunities 1,781.20 2,142.80

This story was written by our sister website Interactive Investor

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