Investors have rotated into growth-focussed investments such as technology and emerging market funds in a bid to diversify their portfolios and take advantage of growth opportunities, analysis of Fidelity's top-selling ISA funds in September shows.
The move to growth assets follows the Federal Reserve's half-percentage-point rate cut in September, which suggests a brighter outlook for the global economy. Investment director at Fidelity International, Tom Stevenson, said the return of the Legal & General Global Equity Index tracker fund to Fidelity's top 10 ISA funds is indicative of investors' appetite for diversification. Investor sentiment for technology funds fades as Fidelity clients turn to defensive assets "Global diversification remains a key strategy, with investors spreading risk across international markets to seize...
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