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Cash funds remained the most popular choice among Fidelity’s Personal Investing ISA and SIPP customers last month, while global funds regained some of their earlier popularity at the expense of UK funds. One of the global funds was a gold fund, which entered the SIPP top 10 as the price of the precious metal reached repeated record highs this year.
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The most popular ISA funds in April
ISA investors rediscovered some of their appetite for American stocks in April, perhaps ‘buying the dips’ after the sharp falls on Wall Street in the wake of Donald Trump’s ‘Liberation day’ tariffs announced on 2 April. Just one US fund had made it into March’s top 10 best-sellers’ list, Fidelity Index US in ninth place, but it climbed to sixth position in April and was joined in ninth place by the UBS S&P 500 Index fund.
Savers also put more money into global funds, which in practice are heavily invested in American companies. Whereas just three global funds had appeared in the top 10 in March, compared with five in February, four featured in April’s table: Fidelity Index World in an unchanged second position, Fidelity Global Dividend unmoved in fourth place, Legal & General Global Technology Index in eighth position after dropping out of the table in March, and Rathbone Global Opportunities likewise reappearing in 10th place after a month’s absence from the top 10.
To make way for these arrivals, two UK funds disappeared: Legal & General UK Index Trust (eighth place in March) and Fidelity Special Situations (10th most popular in March). Just one UK fund remained, Fidelity Index UK in an unchanged seventh position.
The remaining three places were taken up by cash or ‘money market’ funds. The Fidelity Cash Fund was in first place, the Royal London Short Term Money Market Fund in third and the Legal & General Cash Trust in fifth – all unchanged from the previous month. Many investors seem to be seeking safety in cash as Mr Trump’s economic policies trigger volatility on the stock market.
Top 10 best-selling ISA funds on Fidelity Personal Investing in April 2025
- Fidelity Cash Fund
- Fidelity Index World Fund
- Royal London Short Term Money Market Fund
- Fidelity Global Dividend Fund
- Legal & General Cash Trust
- Fidelity Index US Fund
- Fidelity Index UK Fund
- Legal & General Global Technology Index
- UBS S&P 500 Index Fund
- Rathbone Global Opportunities Fund
Source: Fidelity International. Gross ISA sales in April 2025 for Personal Investors only.
The most popular SIPP funds in April
Only cash and global funds featured among the 10 top choices of Fidelity Personal Investing’s SIPP customers last month. Cash funds accounted for three of the top four spots: the Fidelity Cash Fund in an unchanged first place, the Royal London Short Term Money Market Fund one spot higher than the previous month in second place, and the Legal & General Cash Trust unchanged in fourth position.
Among global funds, Fidelity Index World dropped one position to third and Fidelity Global Dividend was in an unchanged fifth position, while Rathbone Global Opportunities climbed from 10th to sixth place and Fidelity Multi Asset Allocator Growth was unmoved at eighth. There were three new entrants to the top 10: Legal & General Global Technology Index in seventh place, Ninety One Global Gold in ninth and Legal & General Global Equity Index in 10th. The funds that made way for them were Fidelity Index US (sixth placed in March), Fidelity Global Technology (seventh in March) and Vanguard LifeStrategy 80% Equity (ninth in March).
Top 10 best-selling SIPP funds on Fidelity Personal Investing in April 2025
- Fidelity Cash Fund
- Royal London Short Term Money Market Fund
- Fidelity Index World Fund
- Legal & General Cash Trust
- Fidelity Global Dividend Fund
- Rathbone Global Opportunities Fund
- Legal & General Global Technology Index
- Fidelity Multi Asset Allocator Growth Fund
- Ninety One Global Gold Fund
- Legal & General Global Equity Index Fund
Source: Fidelity International. Gross SIPP sales in April 2025 for Personal Investors only.
Important information - investors should note that the views expressed may no longer be current and may have already been acted upon. Before investing into a fund, please read the relevant key information document which contains important information about the fund. Eligibility to invest in a SIPP or ISA and tax treatment depends on personal circumstances and all tax rules may change in the future. Withdrawals from a SIPP will not normally be possible until you reach age 55 (57 from 2028). Overseas investments will be affected by movements in currency exchange rates. Investments in emerging markets can be more volatile than other more developed markets. Reference to specific securities should not be construed as a recommendation to buy or sell these securities and is included for the purposes of illustration only. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.
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