Every month, we look at the top funds, stocks and investment trusts among DIY investors – and for the month of November, money market funds continue to grow in popularity. This comes as no surprise as much of November was fuelled with anxiety and fears over market stability ahead of the Autumn Budget.
Money market funds mean investors can dial down on risk and enjoy income with minimum exposure to volatility.
Sign up to Money Morning
Don’t miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don’t miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
From beginner investors to seasoned stock pickers, here’s what investors purchased in the month of November, according to the latest data released by investment platform Interactive Investor.
November’s top stocks for DIY investors
November was filled with speculation over the possibility of an AI bubble, but it didn’t stop investors buying tech stocks with Nvidia, Tesla and Meta Platforms making the top 10.
“Strategy Inc is an interesting new addition to the top 10 most bought stocks list,” Victoria Scholar, head of investment at II, said.
“The blockchain tech company and crypto miner holds ~2.8% of the total supply of Ether. Its shares have plunged over recent weeks, caught up in the broader crypto sell-off. Shares are down ~35% over the last month and ~50% over the past six months. Nonetheless, opportunistic ii investors have seized on this chance to scoop up shares at a discounted price.”
Blue chips have also remained in favour and Legal & General continues to be popular particularly thanks to its attractive dividend yield.
These were the most-bought equities among DIY investors on II’s platform during November:
|
Equity |
|
|---|---|
|
1 |
Nvidia |
|
2 |
Rolls Royce |
|
3 |
Tesla |
|
4 |
Meta platforms |
|
5 |
Taylor Wimpey |
|
6 |
Strategy |
|
7 |
Legal & General |
|
8 |
Lloyds Banking |
|
9 |
Aviva |
|
10 |
Ceres Power Holdings |
Source: Interactive Investor
November’s top funds and ETFs for DIY investors
Ahead of the Autumn Budget, there was a lower risk appetite, seeing investors move towards money market funds with Fidelity Cash and abrdn Sterling Money Market climbing up the rankings.
“The newcomers mean that money market funds comprised more than half the table of most-bought active funds in November, with Royal London Short Term Money Market continuing to top the table,” said Kyle Caldwell, funds and investment education editor at interactive investor.
“Such funds offer cash-like returns, which (although not guaranteed) are usually around the level of UK interest rates. This fund type owns a diversified basket of safe bonds that are due to mature soon, normally within just a couple of months, meaning that investors can earn an income on their cash with minimal risk.”
These were the most-bought active and passive funds on II during November.
|
Active Open-Ended Fund |
Index Fund or ETF |
|
|---|---|---|
|
1 |
Royal London Short Term Money Market Fund | Acc |
iShares Physical Gold |
|
2 |
Artemis Global Income | Acc |
Vanguard LifeStrategy 80% Equity |
|
3 |
Royal London Short-Term Money Market Fund | Dis |
Vanguard S&P 500 UCITS ETF | Acc |
|
4 |
L&G Cash Trust |
Vanguard S&P 500 UCITS ETF | Dis |
|
5 |
Vanguard Sterling Short-Term Money Market Fund |
L&G Global Technology Index |
|
6 |
Ranmore Global Equity Institutional |
Vanguard FTSE Global All Cap Index |
|
7 |
Jupiter Gold & Silver |
HSBC FTSE All World Index |
|
8 |
Artemis SmartGARP European Equity Fund |
Vanguard LifeStrategy 100% Equity |
|
9 |
Fidelity Cash Fund |
iShares Physical Silver ETC |
|
10 |
abrdn Sterling Money Market Fund |
Vanguard LifeStrategy 60% Equity |
Source: Interactive Investor
November’s top investment trusts for DIY investors
For investment trusts, 3i Group topped the list for the first time, pushing previous frontrunner Scottish Mortgage down to third place.
“Investors are also on the lookout for opportunities, particularly with investment trusts. There were three new entrants into the table in November: 3i Group, HICL,” Caldwell said.
These were the most-bought investment trusts among DIY investors on II during November.
|
Rank |
Investment Trust |
|---|---|
|
1 |
3i Group |
|
2 |
Greencoat UK Wind |
|
3 |
Scottish Mortgage |
|
4 |
NextEnergy Solar |
|
5 |
Polar Capital Technology |
|
6 |
City of London |
|
7 |
HICL Infrastructure |
|
8 |
Temple Bar |
|
9 |
The Renewables Infrastructure Group (TRIG) |
|
10 |
Henderson Far East Income |
Source: Interactive Investor
Read our explainers on investment funds and the best investment trusts for beginners for more information and inspiration for your portfolio.