| Company Name | Place change | |
| 1 | Artemis Global Income I Acc | Unchanged |
| 2 | Royal London Short Term Money Mkt Y Acc | Unchanged |
| 3 | Greencoat UK Wind UKW1.79% | Up 4 |
| 4 | Vanguard LifeStrategy 80% Equity A Acc | Up 1 |
| 5 | Vanguard FTSE Global All Cp Idx £ Acc | Up 1 |
| 6 | Artemis SmartGARP European Eq I Acc GBP | New |
| 7 | Scottish Mortgage Ord SMT0.52% | Down 3 |
| 8 | HSBC FTSE All-World Index C Acc | Unchanged |
| 9 | Vanguard LifeStrategy 100% Equity A Acc | New |
| 10 | L&G Global Technology Index I Acc | New |
Investors have continued to throw money into tech-heavy funds in the face of recent wobbles for the sector.
The Magnificent Seven stocks are having a trying start to the year as investors fret about the sheer level of spending now expected on artificial intelligence (AI) ventures. Every single Magnificent Seven member is down year to date as of 13 February, with Microsoft Corp
MSFT shares off by around 17%.
If that has pushed names such as Amazon.com Inc AMZN
and Microsoft into our bestselling shares tables this month, investors also appear to have doubled down on funds with big exposure to such stocks as well as the broader “tech” space.
The L&G Global Technology Index I Acc, which tends to offer more concentrated exposure to the biggest names than other tech funds, re-enters out list, while traditional global passive names Vanguard FTSE Global All Cp Idx £ Acc and HSBC FTSE All-World Index C Acc remain popular, alongside the tech-heavy Scottish Mortgage Ord SMT
This week’s list nevertheless points to plenty of differences of opinion on this front.
It’s hard to ignore the continued presence of the US-light, value-focused Artemis Global Income I Acc at the top of the table, for one, while investors are looking for returns outside the US via its outperforming stablemate Artemis SmartGARP European Eq I Acc GBP.
Meanwhile, the US-light Vanguard LifeStrategy 80% Equity A Acc moves up one to fourth place, while the all-equity version of the same fund returns to the list. And plenty of investors still like a steady option (with plenty of opportunity cost) in the form of Royal London Short Term Money Mkt Y Acc.
continues to draw people in, likely thanks to its high yield and wide share price discount to net asset value (NAV). But it’s notable that software sell-off victim HgCapital Trust Ord HGT0 has disappeared from the list, as have commodity funds such as BlackRock World Mining Trust Ord BRWM
Funds and trusts section written by Dave Baxter, senior fund content specialist at ii.
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