Moneywise's First 50 Funds for beginners

First 50

When you start investing, choosing from thousands of funds can seem very daunting. To make your choice easier, Moneywise editor Moira O’Neill has picked her 50 favourite funds for beginners. Whether you’re looking for passive or active funds, she has options to suit you.

The list of 50 funds includes index tracker funds and actively managed funds. Scroll down to see links to the selection.

Index tracker funds are low cost and can be used to build a solid core for your portfolio. They are also known as ‘passive funds’ because they simply aim to replicate performance of a benchmark index, rather than trying to actively buy and sell stocks and shares to boost performance. If you use trackers, you’ll never beat the index but you also reduce the risk of performing worse than the index.

Active funds have the potential to perform better than index trackers, but there is the risk that the fund manager may make the wrong decision. Many investors build a core of low-cost passive funds and then add active funds as ‘satellites’ around this to try to add value.

Many of these funds have income and accumulation units, and you will need to buy the right version for your investment needs.

With income units, shown as ‘Inc’ in the fund name, any income is paid as cash. This can be withdrawn, reinvested or simply held on your account. With accumulation units, shown as ‘Acc’ in the fund name,  any income is retained within the fund; the number of units remains the same, but the price of each unit increases by the amount of income generated within the fund. Generally, accumulation units offer a slightly more efficient way to reinvest income, although many investors will choose to hold income units  and reinvest the income to buy extra units.

We have included the ISIN identifier for each fund – this is a unique number that will help you identify it on the investment platform that you use.

The ongoing charges figure, or OCF, is the most accurate measure available of what it costs to invest in a fund. The OCF is made up of the annual management charge (AMC) levied by the fund managers and other operating costs.

Note that you may have to pay an investment platform fee on top of this, depending on which platform you use to buy the funds. You can read Moneywise’s platform recommendations here.

First 50 Funds - the selection

For ease of use, we have divided the selection into three parts:


  • 20 active funds to add value - If you want a manager to sit down and pick the stocks  and bonds best alligned with your goals and boundaries, make sure to take a look at these.



Create portfolios from the First 50 Funds

We also show how you can start investing for income or growth by combining the funds in the selection. 



Regular updates

We run regular updates on the funds in our selection, which we'll post below. 
















Published: 27 June 2016
Last updated: 19 June 2017

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