Top purchased funds from The Share Centre
Andy Parsons, advice team manager at The Share Centre, lists the top purchased funds by our customers during May 2011 and explains why investors may have favoured them.
1. Invesco Perpetual Monthly Income Plus fund
2. Legal & General UK Index Trust fund
3. Aberdeen Emerging Markets fund
4. Marlborough UK Micro-Cap Growth fund
5. MFM Slater Growth fund
6. Jupiter Merlin Balanced Portfolio fund
7. Threadneedle Monthly Extra Income fund
8. Legal & General UK Alpha Trust fund
9. Jupiter Global Managed fund
10. BlackRock European Dynamic fund
"The state of the UK economy and whether the austerity measures put in place by the Government are working has been a hot topic for discussion in the recent months. And despite the pain many households are facing, it cannot be ignored that serious action needed to be taken. In the face of all the uncertainty, the appetite and resilience of investors continues to amaze me.
"The top fund purchased during May was the Invesco Perpetual Monthly Income Plus fund, run by three of the most widely recognised manger names in the industry. As many investors seek additional income to help support their lifestyles, it comes as no surprise to find investors seeking a fund offering an historic yield of around 6.49%.
"The second most popular fund was the Legal & General UK Index tracker fund, which as 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, we expect to sit in our top ten funds for some time to come.
"In third and fourth place, were the Aberdeen Emerging Markets fund, which regularly appears in our top ten funds and the Marlborough UK Micro-Cap Growth fund, which focuses on those UK companies with a market capitalisation of £100m or less at the time of investment.
"The next four funds show a real diversity in investor appetite. In fifth place and a brand new entrant was the MFM Slater Growth which focuses on UK companies. At number six is the Jupiter Merlin Balanced Portfolio, one of the very largest ‘Fund of Funds' run by their highly experienced team of John Chatfeild- Roberts, Algy Smith-Maxwell and Peter Lawery.
"The Threadneedle Monthly Extra Income fund comes in seventh place and is a further alternative for those seeking an additional monthly income stream. This fund has recently become a constituent of our Platinum 120 range of preferred funds. The past performance of the Legal & General UK Alpha fund has clearly demonstrated that the manager, Richard Penny can clearly add value through his company evaluation and stock picking skills and we are pleased to see it sitting in eighth position.
"The final two places within the top ten fell to the Jupiter Global Managed fund and the BlackRock European Dynamic managed by the highly respected Alister Hibbert."