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Woodford fund tops list of best-selling Isas

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CF Woodford Equity Income has topped the best selling funds within Isas from the Bestinvest online investment service this year.

Tilney Bestinvest Growth Portfolio and Fundsmith Equity came in second and third, while Threadneedle rounded out the top five with its UK Equity Income  and European select funds.

The rankings come against a backdrop of market volatility and investor uncertainty in the lead up to the UK’s Brexit referendum.

With this in mind, investors stuck with proven managers, such as Neil Woodford and Terry Smith, while income funds also proved popular.

CF Woodford Equity Income has ballooned to £8.28bn since Woodford launched it less than two years ago, following his departure from Invesco Perpetual.

It continues to have high exposure to tobacco (Imperial Brands, British American Tobacco and Reynolds American) and healthcare (AstraZeneca, GlaxoSmithKline and Roche).

Only one index tracker came up in the top 10 – the HSBC American Index fund at eighth place, which has a low ongoing charges figure of 0.08 per cent.

Standard Life’s Global Absolute Return Strategies fund remains popular totalling £26.2bn. This is despite it maintaining a negative rating from Fundhouse, announced last week, whereby the ratings agency criticised it for not having a diversified set of returns.

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