Investors stuck to what they knew best in August, with Fundsmith Equity and Scottish Mortgage remaining the most bought fund and trust, respectively, for another consecutive month.
interactive investor's latest platform purchase data for August varied little from July's results on the open-ended side, as Kyle Caldwell, collectives specialist for ii, noted investors continued to back Terry Smith's flagship fund and otherwise opt for low-cost, global trackers. Out of the ten most bought funds for the period, half were trackers either from Vanguard, Legal & General or HSBC. The closed-ended side reflected what Caldwell called "dampened" enthusiasm for technology exposure. UK PMI dips for first time since January Two tech trusts, Polar Capital Technology and A...
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