Moneywise has compiled a list of the most recommended investment funds in Britain from nine leading investment platforms.
Many savers can be put off investing completely by the sheer myriad of choice on offer.
According to research from financial provider Scottish Friendly, more than one in three savers (35%) put off investing because there are too many funds to choose from.
And one in three (31%) say they would prefer a list of less than 50 to choose from.
For this reason, most major DIY investment platforms offer lists of their recommended funds. But it can still be hard to recognise which funds are the ‘best of the best.’
Moneywise looked at the recommended fund lists of nine leading providers and aggregated their recommendations to come up with a list of 26 funds that are recommended more times than others.
The three most recommended funds are Stewart Investors Asia Pacific Leaders, FP CRUX European Special Situations and Liontrust Special Situations recommended by seven out of nine platforms.
Interesting to note however, no investment trusts or ETFs make the cut of the 26 most recommend, as not enough providers recommend the same trusts or ETFs in sufficient numbers.
Several funds from Moneywise’s very own First 50 Funds for beginners list makes the cut, including:
- Stewart Investors Asia Pacific Leaders, recommended by seven
- Liontrust Special Situations, recommended by seven
- Artemis Global Income, recommended by five
- Baillie Gifford Japanese, recommended by five
- Fundsmith Equity, recommended by five
- Jupiter Strategic Bond, recommended by four
Moira O’Neill, head of personal finance at interactive investor (Moneywise's parent company) says: “We know that savers are put off investing because they find it hard to choose from the thousands of funds on offer. So recommended lists, such as those offered by interactive investor’s Super 60, can be really useful tools for private investors. For those who have yet to get started and just want to dip their toe in, we also have a recommended list of just three multi asset ‘Quick Start Funds’.
“But with so many recommended lists to choose from, investors still have to make a choice on which recommended lists might suit them, and it is really interesting to see which funds can rightfully claim to be the most recommended out of all the major fund platforms. Only a minority, for example, include investment trusts, and ETFs also have something of the Cinderella status, too.”
Moneywise has compiled a full guide to the 26 most recommend funds, see here for the whole list of most recommended funds.
And new for 2019, we’ve updated our First 50 Funds for beginner investors. We’ve dropped six funds from last year and added in six new choices for beginner investors to choose from for their portfolios.