Important information - the value of investments and the income from them can go down as well as up, so you may get back less than you invest.
There are tentative signs that private savers cut back on their investments in American stocks in February as Wall Street started to stumble. The two US stock market portfolios among the 10 funds most bought by our ISA customers in January remained in the top 10 last month but dropped down the charts. Meanwhile the number of cash funds in the top 10 increased from two to three and they were found nearer to the top of the chart. Beyond these two categories, global funds – which tend to hold many American shares – remained popular.
Among portfolios popular with Fidelity’s SIPP clients, the one US-focused fund in the top 10 retained its mid-table position while the cash funds as a group moved up the chart.
The current sell-off on Wall Street began on 19 February, since when the key benchmark, the S&P 500 index, has fallen by 8% at the time of writing.
Our report on the most popular open-ended funds bought for ISAs and SIPPs in January is here.
US funds
Two passive funds that track American stock markets featured among the 10 funds most bought by Fidelity’s ISA clients in February: the Fidelity Index US Fund was the eighth most popular and the UBS S&P 500 Index Fund was the 10th most bought. They had been higher up the chart in January, in fifth and sixth positions respectively. In the SIPP top 10 only the Fidelity Index US Fund featured in February, when it was in an unchanged sixth position.
Cash funds
January’s ISA top 10 included the Fidelity Cash Fund in the second spot and the Royal London Short Term Money Market Fund in 10th. The former remained in second place in February but the latter moved up to fourth position; they were joined, in ninth place, by the Legal & General Cash Trust.
The same three cash funds featured in the SIPP top 10 in both January and February. The Fidelity Cash Fund dropped from first to second place, the Royal London Short Term Money Market Fund was unchanged in third position and the Legal & General Cash Trust moved up from ninth to fourth.
Global funds
Global funds accounted for the remainder of the most-bought funds in both months. The Fidelity Index World Fund took top spot for ISAs in both January and February while the Fidelity Global Dividend Fund moved up by one place to third spot in February.
The Legal & General Global Technology Index Trust meanwhile dropped from third to fifth, although tech rival Fidelity Global Technology inched up from seventh place in January to sixth in February.
Rathbone Global Opportunities likewise moved up from eighth to seventh spot. Finally, the Legal & General Global Equity Index Fund was in ninth position in January but dropped out of the top 10 in February to make way for the Legal & General Cash Trust.
Among SIPP buyers the Fidelity Index World Fund moved from second to first place, the Legal & General Global Technology Index Trust dropped out of the top 10 from fourth place in January and the Fidelity Global Dividend Fund was in fifth position in both months.
The Legal & General Global Equity Index Fund dropped out entirely from seventh place in January but the Vanguard LifeStrategy 80% Equity Fund and Fidelity Multi Asset Allocator Growth Fund were unchanged in eighth and 10th places respectively. February’s two new entries were Rathbone Global Opportunities in seventh position and Fidelity Global Technology in ninth.
Top 10 best-selling ISA funds on Fidelity Personal Investing in February 2025
- Fidelity Index World Fund
- Fidelity Cash Fund
- Fidelity Global Dividend Fund
- Royal London Short Term Money Market Fund
- Legal & General Global Technology Index Trust
- Fidelity Global Technology Fund
- Rathbone Global Opportunities Fund
- Fidelity Index US Fund
- Legal & General Cash Trust
- UBS S&P 500 Index Fund
Top 10 best-selling SIPP funds on Fidelity Personal Investing in February 2025
- Fidelity Index World Fund
- Fidelity Cash Fund
- Royal London Short Term Money Market Fund
- Legal & General Cash Trust
- Fidelity Global Dividend Fund
- Fidelity Index US Fund
- Rathbone Global Opportunities Fund
- Vanguard LifeStrategy 80% Equity Fund
- Fidelity Global Technology Fund
- Fidelity Multi Asset Allocator Growth Fund
Source: Fidelity International. Gross ISA and SIPP sales in February 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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