BlackRock And Investec Funds Attract Gold Investors
The BlackRock Gold & General and Investec Global Gold funds were among the most popular funds in September, according to figures released by The Share Centre.
While the Woodford Equity Income and Fundsmith Equity funds were the top picks for the month, the two gold funds entered the top 10 at fourth and eight most popular respectively.
They were last in the top 10 in July, immediately following the UK’s vote to leave the European Union, but slipped out in August.
Andy Parsons, head of investments at The Share Centre says: “With continued uncertainty post-Brexit, the timing of the next Fed rate rise, and given the prominent rise in price this year, gold was undoubtedly being seen as a safe haven bet for investors.”
The top five was rounded out by the Legg Mason Japan Equity fund and the Jupiter India fund, with Parsons pointing out that, due to “uncertain geopolitical times”, it was unsurprising that the most popular funds for the month included global products or products focussed on Asia Pacific.
The Old Mutual UK Mid-Cap fund also slipped into the top 10, despite the sector beings hard hit by the results of the Brexit referendum. Parsons says the fund is a “regular favourite” among investors.
“The fund seeks to provide capital growth from investing primarily in a portfolio of medium sized UK companies, serving as an ideal investment opportunity for those seeking true mid-cap exposure.”
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