With the tax year ending on 5th April, UK investors have just a few days to make full use of this year’s ISA and SIPP allowances. Hargreaves Lansdown have shared with us five of their most popular funds for purchase into an ISA in February.
If you are looking for ideas on where to invest your allowance, these funds are an interesting place to start. Here’s the list. I have added my thoughts on this collection of funds below.
|CF Lindsell Train UK Equity (Class D)|
|CF Woodford Equity Income|
|Fundsmith Equity (Class I)|
|HL Select UK Shares|
|Jupiter India (Class X)|
CF Lindsell Train UK Equity (Class D)
Nick Train has managed a number of funds over the years, managing to out-perform his benchmark regularly. His stock picking skills are highly regarded and since the launch of the UK Equity Fund in July 2006, performance has been excellent. Focused on UK stocks, the fund has been aided by a healthy weighting to the UK consumer goods sector, which has proved to be one of the strongest performing sectors over this period.
CF Woodford Equity Income
Fund Manager Neil Woodford is one of the most successful, experienced and well-known in the UK. His aim for the CF Woodford Equity Income fund is to seek to add value by investing in out-of-favour UK companies for the long term, providing a reasonable level of income together with capital growth.
Now anyone that has followed my Investment diary will know that Fundsmith Equity is a fund I hold in high regard. Fund manager, Terry Smith, has a very good track record of producing strong levels of growth. His aim for the fund is to provide exposure to stocks from around the world, primarily within the consumer goods sector. You can read more about my thoughts on the Fundsmith Equity fund here.
HL Select UK Shares
Another UK based fund, Hargreaves Lansdown launched the HL Select UK Shares fund at the end of last year. While there is very little historical performance to base any research on, the fund has performed well to date with a mix of high quality growth and income generating UK stocks. I invested in the fund at launch and you can read more about why and how it has performed for me here.
India has been widely tipped to be one of Emerging markets best performers in 2017 so it’s no surprise to see an Idia focused fund on this list. Managed by Avanash Vazirani, the Jupiter India fund aims to benefit from the growing affluence of the Indian population through a range of Indian stocks across a range of sectors that are expected to gain from the growing wealth of the population.
Don’t forget, any profit made from investments made within an ISA will be exempt tax. You have up until 5th April to set aside up to £15,240 per person into your personal Stocks and Shares ISA. Within your ISA, you will have access to equities, funds and ETFs. You can use our free broker search tool to find your broker.