Investors have been keen to stick to technology and AI stocks over the last few weeks, with Tesla and Nvidia still firm favourites.
But which stocks are investors out of love with and what else is drawing in attention? Using data from investment platform interactive investor , here are the top investments made in the last month.
Most popular funds
Looking at the most purchased funds in July, the L&G Global Technology Index remained a top favourite in the number one spot.
The fund has performed well over both the short and long term.
Kyle Caldwell, funds and investment education editor at interactive investor, says: “While the world’s biggest tech companies have over the past couple of weeks seen their share prices wobble many investors are positioning themselves for the bull run to continue.
“[The] L&G Global Technology Index retained top spot. It has been a strong performer over both short and long time periods, more recently benefiting from a narrow cohort of tech stocks driving both US and global markets higher.”
While the fund has exposure to the likes of Apple , Microsoft and Nvidia in its top 10, the holdings in these are concentrated at around 15% each.
Vanguard’s Lifestrategy fund also continues to be popular month on month. Terry Smith’s Fundsmith Equity is also in the top 10, but moved down the ranks in July.
Top 10 most purchased funds
Most popular trusts
Investors remain committed to the Scottish Mortgage Investment Trust, and despite its performance woes in recent years, it has picked up recently. Investors continue to hold it as their number one choice.
Technology duo Polar Capital Technology and Allianz Technology Trust are fifth and sixth in the ranking; both trusts’ key themes include investing in companies positioned to benefit from advancements in AI and cybersecurity.
Caldwell said: “Another trend playing out is that investors are on the lookout for high income. An investment trust sector some of our customers have been eyeing up, which may benefit from interest cuts , is renewable energy infrastructure. In our top 10 trust tables are Greencoat UK Wind and NextEnergy Solar Fund, which yield 7% and 10%.
“While the yields are typically higher for those investment trusts, investors have, as rates have been rising, been focusing on lower-risk areas where yields have risen. For example, cash-like money market funds are offering yields of around 5%. The Bank of England’s move to cut the Base Rate to 5%, and the prospect of further cuts in store, may give this out-of-form sector a boost.”
Top 10 most purchased trusts
Most popular stocks
AI and technology stocks are popular with EV giant Tesla still holding a place in the top three equities in July, despite disappointing Q2 results, revealed at the end of July.
But investors have been quick to ditch National Grid , which made the top five in June, but dropped out of the list in July. Nvidia takes the top spot.
Victoria Scholar, head of investment at interactive investor, says: “Despite July being an uncharacteristically challenging month for Nvidia’s share price, the AI stock market darling continues to attract much buying interest from retail investors on the interactive investor platform – it retained its crown as the most bought single stock in July.
“Elsewhere within the Magnificent Seven , Tesla jumped from tenth place up to third. Even after accounting for its weak results which sent shares sharply lower in July, the electric vehicle giant had a strong month in terms of price action overall in July. The stock rebounded by around 10%, allowing it to narrow its year-to-date loss with retail investors snapping up shares along the way.”
FTSE heavyweights like BP, Legal & General and Rolls Royce also increasingly found their way into portfolios.
Top 10 most purchased stocks
Most Popular
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