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Biotech boom: the top 20 selling funds at Barclays Stockbrokers
by Dylan Lobo on Aug 21, 2013 at 10:34
The AXA Framlington Biotech fund was the best-selling fund on Barclays Stockbrokers in July.
The fund, managed by Linden Thomson (pictured) was the seventh best-seller in June and replaced Citywire AAA-rated Jonathan Asante's First State Global Emerging Markets Leaders fund, which remained a popular play in fourth spot.
Investors have been drawn to the biotech bull market, which has seen the NYSEArca Biotechnology Index jump by 45% over the last 12 months, outstripping the 24% gain in the S&P 500. The rise has been driven by a combination of successful clinical trials and strong company results.
This dynamic has powered the AXA Framlington Biotech fund to a massive 121.3% return in the three years to 20 August.
Meanwhile AAA-rated Hideo Shiozumi’s Legg Mason Japan Equity fund remained a firm fixture in the top 10 in second spot as investors continued to bank on ‘Abenomics’ translating into significant equity returns and see this high risk strategy as the best way to exploit this.
Other funds which held onto their top 10 spots included AAA-rated Paul Marriage's Cazenove UK Smaller Companies fund , AA-rated Jason Pidcock’s Newton Asian Income fund and the Invesco Perpetual High Income fund managed by Neil Woodford.
Overall, the UK-focused funds continued to be the most popular among investors, accounting for 40% of the top 20 and five of the top 10. The number of global funds represented in the top 20 doubled to four as fewer North American and Asia Pacific funds made the grade.
See the top 20 in full on the following page.
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Look up the funds
- AXA Framlington Biotech R Acc
- First State Global Em Mkts Leaders A GBP Acc
- Legg Mason Japan Equity A
- Cazenove UK Smaller Companies B Acc
- Newton Asian Income GBP Inc
- Invesco Perpetual High Income Inc
- BlackRock European Dynamic A Acc
- Unicorn UK Income A Inc
- Cazenove UK Opportunities B Acc
- BlackRock Gold & General A Inc
Look up the fund managers
- Linden Thomson
- Jonathan Asante
- Hideo Shiozumi
- Paul Marriage
- Jason Pidcock
- Neil Woodford
- Alister Hibbert
- John McClure
- Julie Dean
- Evy Hambro