HL ISA investors go global in July 

HL ISA investors go global in July 

• Global funds are a popular investment strategy with ISA clients.
• The trend towards passive investing continues.
• Technology remains a popular theme, despite tech leading the huge global sell-off in stocks.
• Indian equities fall down the tables.
  

Victoria Hasler, head of fund research, Hargreaves Lansdown:

“HL ISA investors took on an international outlook similar to the Olympic Games last month.  As the sporting spectacle commenced, bringing over 200 countries from around the world, global funds dominated the top funds list for July. Seven out of the top ten funds for ISA clients invest globally. Global funds are often a great investment choice as they offer access to a wide range of companies from around the world. US and Technology funds also appeared in the top 3 funds – perhaps not surprising given how well technology stocks in particular, and the US stock market overall, have performed this year. 

It was a very similar picture for JISA investors. While the trend towards passive investing continued across the different ISA types, JISA investors were a little more likely to favour active funds, with 3 of the top 10 most bought funds in JISAs being actively managed, including Fundsmith Equity and Lindsell Train Global Equity.  LISA investors definitely preferred tracker funds last month, with the top 8 funds on the list all following passive investment strategies.

Despite a torrid month, with technology stocks contributing to a global sell off in equity markets, technology continues to be a popular strategy with ISA investors. Legal & General Global Technology Index Trust appears on the top bought lists for ISAs, JISAs and LISAs. Indian equities, on the other hand, slipped down the popularity stakes. Having been in the top tier for the last 8 months, Jupiter India is now in the bottom half of the top ten tables for ISA and LISA clients and doesn’t appear at all on the JISA table for the first time this year.

Overall, the risk-on attitude of HL ISA clients continues, with all funds on all three lists investing in equities. While this has been a great strategy over the year to date, some diversification in the form of bonds or alternative investments could benefit investors if the economy does hit a stickier patch.”

HL data

*All HL funds have been removed from this list