Only one active fund in ii's most popular September buys

Lowest number of active funds on record

Terry Smith’s Fundsmith Equity was the only active fund ranked in interactive investor’s most bought stocks during September.

This was the lowest number of active funds on the monthly most bought list that ii has ever recorded, and the platform said it "likely reflects caution over not knowing what active funds are best placed to invest in at a time of great uncertainty", a pattern they have seen during previous periods of volatility. Out of the remaining nine portfolios, six were passive strategies from Vanguard, predominantly its LifeStategy range. The others were Legal & General All Cap index, HSBC American index and Fidelity World index. Stock Spotlight: Weak signals for Vodafone despite M&A drive Kyl...