The result of the US election heavily influenced a list of the most-bought investments in November.
According to interactive investor’s ranking of the most popular funds, stocks and investment trusts bought last month, MicroStrategy was the most-purchased company on the retail platform as investors looked to profit from a crypto boom following Donald Trump’s surprisingly emphatic US election win.
US companies Nvidia and Tesla also jumped up one spot in November, to second and third place respectively.
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Richard Hunter, head of markets at interactive investor, said: “A US election which dominated the newswires and helped propel a post-election rally was reflected in the most bought list in November, with the top three stocks all being quoted Stateside.
“MicroStrategy, a stock which is effectively a highly-leveraged play on Bitcoin and which has risen by 74% over the last month, was the most-bought investment as investors sought to ride the wave of the crypto, which is seen as being a beneficiary of lower regulation in the new regime.”
Meanwhile, Greencoat UK Wind remained the most-bought investment trust, after knocking Blackrock World Mining off the top spot in October. Scottish Mortgage, a favourite among MoneyWeek readers and part of the MoneyWeek investment trust portfolio was the second-most popular investment trust.
Top funds ranked
Perhaps the most noteworthy finding for November is that for a second consecutive month, Terry Smith’s Fundsmith Equity fell outside the top 10 monthly most-bought funds’ list.
Kyle Caldwell, funds and investment education editor at interactive investor, says: “Fundsmith Equity’s performance has suffered due to not owning artificial intelligence darling Nvidia, which recently overtook Apple to become the world’s biggest company.”
See the full table below.
Top investment trusts ranked
While investors have exercised caution when it comes to tech over the last few months, their appetite seemed to return in November – with JP Morgan American and Polar Capital Technology entering the most-bought investment trusts list.
Caldwell says: “Investors still have a large appetite for US equities and its technology behemoths. This is reflected by JPMorgan American and Polar Capital Technology being new entrants to our top 10 most-bought investment trust table.
“JPMorgan American holds a mixture of value and growth stocks, but technology stocks are firmly in favour with five of the ‘Magnificent Seven’ comprising its top five holdings: Microsoft, Amazon, Nvidia, Meta Platforms and Apple.”
See the full table below.
Top stocks ranked
Nearer to home and away from the influence of the US elections investors bought into stocks where they believed recovery potential is in play.
Hunter says: “John Wood Group, an engineering energy services company found within the oil and gas sector, has seen its shares decline by 68%, which has attracted some buying interest.
“FTSE100 pharmaceutical company AstraZeneca, meanwhile, has had a poor recent run following reported government investigations in China which include allegations of medical insurance fraud, illegal drug importation and personal information breaches.”
| Rank | Fund | Investment Trust | Equity |
|---|---|---|---|
| 1 | Vanguard LifeStrategy 80% Equity | Greencoat UK Wind | MicroStrategy |
| 2 | Royal London Short Term Money Market | Scottish Mortgage | Nvidia Corp |
| 3 | L&G Global Technology Index Trust | JP Morgan Global Growth & Income | Tesla Inc |
| 4 | Vanguard US Equity Index | Alliance Witan | Lloyds Banking GP |
| 5 | Fidelity World Index | City of London | BP |
| 6 | HSBC FTSE All World Index | F&C Investment Trust | John Wood Group PLC |
| 7 | Vanguard LifeStrategy 100% Equity | JP Morgan American | GSK PLC |
| 8 | Vanguard FTSE Global All Cap Index | NextEnergy Solar Fund | Legal & General GP |
| 9 | Vanguard LifeStrategy 60% Equity | 3i Group | Rolls Royce HLDGS |
| 10 | Jupiter India | Polar Capital Technology | AstraZeneca PLC |
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