July's top five funds

Published by Tanzeel Akhtar on 13 August 2013.
Last updated on 13 August 2013

5 key

BLACKROCK CIF UK EQUITY TRACKER

The fund attracting the most money in the UK and open-ended investment companies (Oeics) over a one-month period includes a BlackRock tracker fund.

The £5.9 billion BlackRock CIF UK Equity Tracker managed by Nimish Patel was at £4.6 billion over a month ago, and has attracted approximately £1.5 billion between 5 July and 5 August.

Patel's fund tracks the performance of the FTSE All Share Index by investing in companies in the index. The fund also invests in permitted money market instruments, deposits, and units in collective investment schemes.

The top five holdings within the fund include HSBC, Vodafone, BP, GlaxoSmithKline, Royal Dutch Shell.

Over a one-year period, the fund has returned 22.9% compared with 27.6% for the UT UK All Companies sector average as at 5 August 2013.

SCHRODER DIVERSIFIED GROWTH

The second fund to attract the most money is the £4.1 billion Schroder Diversified Growth fund, managed by Johanna Kyrklund. Between 5 July and 5 August the fund attracted inflows of £135.78 million.

The top five holdings in the Schroder fund include the Schroder UK Alpha Plus, Schroder ISF Emerging Markets Debt Absolute Return, T Rowe Price Global Investment SVCS Global High Yield Bond, Schroder ISF Asian Equity Yield and Schroder European Alpha.

The fund invests in a range of asset classes such as equities, bonds and a range of diversifiers, as well as investing in a wide range of investments including transferable securities, derivatives, cash, deposits, collective investment schemes, warrants and money market instruments.

Over a one-year period, the Schroder Diversified Growth fund has returned 15.1% compared with 9.7% for the UT Specialist sector as at 5 August.

BAILLIE GIFFORD DIVERSIFIED GROWTH

The third fund to attract the most money is the £3.8 billion Baillie Gifford Diversified Growth fund managed by Patrick Edwardson and Mike Brooks.

The top five holdings include the Baillie Gifford Emerging Markets Bond, Baillie Gifford Worldwide Active Cash, Baillie Gifford Global Alpha Growth, Baillie Gifford Global Income and Baillie Gifford Worldwide Global Credit.

Over a one-year period, the fund returned 7.7% compared with 9.7% for the UT Specialist sector as at 5 August.

JPM US EQUITY INCOME FUND

Fourth is the £1.6 billion JPM US Equity Income fund managed by Jonathan Simon and Clare Hart.

Top five holdings include Wells Fargo & Co, Merck & Co, Pfizer, Johnson & Johnson and Chevron.

Over a one year period, the JPM US Equity Income fund returned 28.9% compared with 30% for the UT North America sector as at 5 August.

OLD MUTUAL UK EQUITY FUND

The fifth fund to attract money between the same period is the £197.7 million Old Mutual UK Equity fund, which is managed by Simon Murphy.

Top five holdings in the fund include HSBC, BP, Vodafone, GlaxoSmithKline and Barclays.

Over a one-year period, the Old Mutual UK Equity fund returned 34% compared with 27.6% for the UT UK All Companies sector as at 5 August.

Funds attracting most money in UK and OEICs in July

FUND NAME SIZE ONE MONTH AGO (£m) SIZE NOW (£m)
BlackRock CIF UK Equity Tracker 4,695.12 5,933.36
Schroder Diversified Growth 4,039.44 4,175.22
Baillie Gifford Diversified Growth 3,718.32 3,825.20
JPM US Equity Income 1,557.74 1,668.99
Old Mutual UK Equity 197.66 275.04

Source: FE Analytics

This story was written by our sister website Interactive Investor
 

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