Advisers have a strong preference for global funds over single country funds, when building equity exposure, according to the latest FTAdviser poll.
The poll was conducted online over the past month, and found that just shy of three quarters of advisers, or 74 per cent, typically allocate to global funds ahead of country specific mandates.
The remaining 26 per cent prefer to allocate to single country equity funds.
The largest fund in the UK retail market is Fundsmith Equity, a global mandate more than £20bn in size, while mandates run by Lindsell Train and Rathbones within the IA Global universe also contain a large pool of assets. The global sector contains over 200 funds.
The IA Global sector has delivered a negative return of 0.86 per cent his year to date, during a time period when most equity markets globally have fallen.
david.thorpe@ft.com
