Top of the funds charts for The Share Centre

Andy Parsons, advice team manager at The Share Centre lists the top purchased funds during October and explains why investors may have favoured these funds.

1. Aberdeen Multi Manager Emerging Markets
2. Legal & General UK Index Trust
3. Aberdeen Emerging Markets
4. First State Indian Subcontinent
5. Threadneedle Latin America

"The top funds for October are very focused in emerging markets, suggesting investor appetite for the potential rewards offered by these regions has not been diluted by the potential risk.

"Top of the funds chart is the Aberdeen Multi Manager Emerging Markets fund.  Many funds that focus on emerging markets invest principally in individual companies however, this fund is very different as it invests in other funds. This fund is currently very concentrated, investing in only a handful of funds that account for over 95% of the fund.

"Sitting at number two is the Legal & General UK Index fund. It remains in the top five as it is the default investment option for those who had their child trust fund voucher invested via The Share Centre and did not select their own fund

"In third place is the more widely recognised and heavily supported Aberdeen Emerging Markets fund.  Of the emerging markets funds available to the retail investor, this really is one of the giants within its arena as it currently has around £2,100m invested within it. It is also worth noting that this is a truly diversified emerging market fund as it looks beyond the BRIC regions.

"Entrants four and five include the very region specific First State Indian Subcontinent and the Threadneedle Latin America fund, which represents the broader region of Latin America.

"Investors should be aware that exposure to these exciting but risky markets may not be appropriate for everyone and despite the potential for returns; there is the likelihood of volatility along the way."