Growth strategies were the most popular among fund buyers in February, a “significant shift” from income-focused investments being favoured in months prior, according to interactive investor's latest platform purchases data.
Jupiter India was the most popular fund in February, signalling investors becoming more "confident and adventurous", said Kyle Caldwell, collectives editor at interactive investor. Rankings regular FundSmith Equity came in second, followed closely by the L&G Global Technology Index. Caldwell described the latter as a fund suited to "thrill-seekers", due to the exposure to US tech giants expected to benefit from AI advancement, but he noted that investors should be wary of its concentration, with Microsoft and Apple making up over a third of the fund. Income fund favourites jostle with...
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