Fundsmith Equity retains position as only active fund in ii's most bought in March

Passives dominate sales

Fundsmith Equity remains the only active fund in interactive investor’s list of 10 most bought funds in March, echoing February and January, as passives continue to dominate sales.

ii's monthly platform purchases data suggests after a tough 2022 many investors have given up trying to find an active fund that could deliver better returns, turning instead to passive strategies.  Kyle Caldwell, collectives specialist at interactive investor, said the results pointed to a combination of disappointed active investors after underperformance last year, and investors unsure of where to put their money amid ongoing volatility in financial markets. He said: "As a result, the broad exposure passive funds offer is being favoured, rather than investors targeting more focused...