AJ Bell Favourite funds

Funds can make investing easier. No picking individual stocks and shares, no spending hours researching individual companies. But with thousands of funds to choose from – spread across multiple sectors, regions, asset classes, and investment strategies – how do you begin to know which to select?

That’s where the AJ Bell Favourite funds list comes in. We’ve surveyed the markets and picked out the funds we think have a great chance of providing your portfolio with an income, or with capital growth over the long term (at least five years).

The list is chosen by our investment specialists, is regularly updated, and features only funds that we believe offer a combination of the following:

Clear and robust investment philosophy and process
Proven management track record
Value for investors

With the help of our handy filter tool, you can find the right fund to meet your criteria – whether that’s investment goal, type of fund, or fund sector.

But before you go ahead and invest, make sure you do your own research too. That includes reading factsheets and reports, as well as Key Information Documents (KIDs and KIIDs).

Paul Angell: Head of Investment Research introduces the AJ Bell Favourite funds list

Managing your portfolio

The AJ Bell Favourite funds list is designed to help you choose your investments but isn’t a personal recommendation. We regularly review and update the list, so after you buy a fund, it's up to you to manage your own portfolio and keep up to date with any changes we make.

You may own funds not included on the list – this doesn’t mean we recommend that you sell them. If you'd like to align your portfolio with our latest adjustments, be sure to check out the most recent updates.

See our most recent changes

If you're not confident in managing your own portfolio, you might prefer our AJ Bell funds instead. They let you leave the day-to-day investing decisions to our expert team. You can also view our complete list of funds by using our free fund screener tool.

Name	Sector	Fund mgrs' charge	3 yr return	Yield	Goal	Fund type	Income freq	OCF range	Fund size range
abrdn Global Smaller Companies Acc	Global	0.94	0.97	0.60	Growth	Active	Annually	lt1	lt1bn	-1
Amundi UK Equity All Cap UCITS ETF	UK equity	0.04	7.19	3.51	Growth	Tracker	Semi-annually	ltpt5	lt500m	-1
Amundi UK Government Bond 0-5Y UCITS ETF Dist	UK government bonds	0.05	2.01	1.91	Income,Growth	Tracker	Annually	ltpt5	lt500m	-1
Amundi UK Government Bond UCITS ETF Dist	UK government bonds	0.05	-5.04	2.65	Income,Growth	Tracker	Annually	ltpt5	gt1bn	-1
Amundi UK Government Inflation-Linked Bond UCITS ETF Dist	UK government bonds	0.07	-12.06	0.65	Income,Growth	Tracker	Semi-annually	ltpt5	lt100m	-1
Artemis Corporate Bond Inc	UK corporate bonds	0.35	1.80	5.61	Income,Growth	Active	Quarterly	ltpt5	gt1bn	-1
Artemis Strategic Bond Acc	Strategic bonds	0.59	3.40	4.65	Growth	Active	Quarterly	lt1	lt1bn	-1
Artemis Strategic Bond Inc	Strategic bonds	0.59	3.41	4.79	Income	Active	Quarterly	lt1	lt1bn	-1
Artemis US Select Acc	North America	0.85	6.57	0.00	Growth	Active	Annually	lt1	gt1bn	-1
Artemis US Smaller Companies Acc	North America	0.87	-0.03	0.00	Growth	Active	Annually	lt1	gt1bn	-1
Baillie Gifford Global Alpha Growth Acc	Global	0.60	3.48	0.23	Growth	Active	Semi-annually	lt1	gt1bn	-1
Baring Europe Select Inc	Europe (ex UK)	0.81	2.27	1.16	Growth	Active	Semi-annually	lt1	lt500m	-1
BlackRock Continental European Income Inc	Europe (ex UK)	0.91	8.23	3.60	Income,Growth	Active	Quarterly	lt1	gt1bn	-1
BlackRock European Dynamic Acc	Europe (ex UK)	0.91	7.56	0.82	Growth	Active	Annually	lt1	gt1bn	-1
BlackRock Gold and General Acc	Specialist	1.16	13.14	0.13	Growth	Active	Annually	lt1pt5	gt1bn	-1
BlackRock ICS Sterling Liq Premier Acc	Cash / Money Market	0.10	4.23	0.00	Growth	Active	None	ltpt5	gt1bn	-1
BlackRock ICS Sterling Liq Premier Inc	Cash / Money Market	0.10	4.07	4.78	Income	Active	Monthly	ltpt5	gt1bn	-1
BlackRock UK Income Acc	UK equity income	0.81	6.01	3.73	Growth	Active	Quarterly	lt1	lt1bn	-1
BlackRock UK Income Inc	UK equity income	0.81	6.02	3.85	Income,Growth	Active	Quarterly	lt1	lt1bn	-1
BlackRock UK Special Situations Acc	UK equity	0.91	0.32	2.40	Growth	Active	Semi-annually	lt1	lt500m	-1
Fidelity Emerging Markets Acc	Emerging markets	0.95	-0.95	1.97	Growth	Active	Annually	lt1	gt1bn	-1
Fidelity Index Japan P Acc	Japan	0.10	7.60	1.95	Growth	Tracker	Annually	ltpt5	gt1bn	-1
Fidelity Index World Fund Acc	Global	0.12	7.73	1.40	Growth	Tracker	Annually	ltpt5	gt1bn	-1
Fidelity Special Situations Acc	UK equity	0.92	9.23	3.09	Growth	Active	Annually	lt1	gt1bn	-1
First Sentier Global Listed Infrastructure Inc	Specialist	0.81	1.70	3.06	Income,Growth	Active		lt1	gt1bn	-1
HSBC FTSE All-World Index Tracker Fund C Acc	Global	0.13	7.21	1.61	Growth	Tracker	Annually	ltpt5	gt1bn	-1
HSBC FTSE All-World Index Tracker Fund C Inc	Global	0.13	7.20	1.60	Income,Growth	Tracker	Annually	ltpt5	gt1bn	-1
HSBC Global Aggregate Bond ETF XCHGBP	Global bonds	0.10	-	0.00	Income,Growth	Tracker	None	ltpt5		-1
HSBC Global Government Bond ETF XCHGBP	Global bonds	0.12	-	-	Income,Growth	Tracker	None	ltpt5		-1
HSBC MSCI China UCITS ETF Acc	Asia (ex Japan)	0.28	-	0.00	Growth	Tracker	None	ltpt5		-1
IFSL Evenlode Global Income Acc	Global	0.84	3.03	2.46	Income,Growth	Active	Quarterly	lt1	gt1bn	-1
IFSL Evenlode Global Income Inc	Global	0.84	3.02	2.50	Income,Growth	Active	Quarterly	lt1	gt1bn	-1
IFSL Evenlode Income Inc	UK equity income	0.88	3.18	3.04	Income,Growth	Active	Quarterly	lt1	gt1bn	-1
Invesco Asian Acc	Asia (ex Japan)	0.90	4.23	2.23	Growth	Active	Annually	lt1	gt1bn	-1
Invesco High Yield UK Acc	High yield bonds	0.55	6.05	6.96	Growth	Active	Quarterly	lt1	lt500m	-1
Invesco High Yield UK Inc	High yield bonds	0.55	6.04	7.29	Income,Growth	Active	Quarterly	lt1	lt500m	-1
iShares Automation & Robotics ETF	Specialist	0.4	4.95	0.00	Growth	Tracker	None	ltpt5		-1
iShares Core FTSE 100 Dist ETF	UK equity	0.07	7.76	3.52	Growth	Tracker	Quarterly	ltpt5	gt1bn	-1
iShares Core Global Aggregate Bond ETF (£ Hedged) Inc	Global bonds	0.1	1.60	2.92	Income,Growth	Tracker	Semi-annually	ltpt5		-1
iShares Core MSCI EM IMI Acc ETF	Emerging markets	0.18	1.98	0.00	Growth	Tracker	None	ltpt5		-1
iShares Core S&P 500 ETF Acc	North America	0.07	7.88	0.00	Growth	Tracker	None	ltpt5		-1
iShares Corporate Bond Index (UK) D Inc	UK corporate bonds	0.11	0.30	3.90	Income	Tracker	Monthly	ltpt5	gt1bn	-1
iShares MSCI Target UK Real Estate ETF	Property	0.4	-6.98	7.47	Income,Growth	Tracker	Quarterly	ltpt5	lt100m	-1
iShares MSCI World Islamic ETF	Specialist	0.3	3.29	1.45	Growth	Tracker	Semi-annually	ltpt5		-1
iShares MSCI World SRI UCITS ETF Acc	Global	0.2	4.50	1.47	Growth,Responsible	Tracker	None	ltpt5		-1
iShares Physical Gold ETC Acc	Specialist		17.76	0.00	Growth	Tracker	None	gt1pt5		-1
iShares UK Equity Index Fund Acc	UK equity	0.05	7.11	3.37	Growth	Tracker	Semi-annually	ltpt5	gt1bn	-1
Janus Henderson UK Responsible Income Inc	UK equity income	0.85	5.57	3.94	Income,Responsible	Active		lt1	lt1bn	-1
JP Morgan Emerging Markets Income Acc	Emerging markets	0.90	3.15	3.39	Growth	Active	Quarterly	lt1	gt1bn	-1
JP Morgan Emerging Markets Income Inc	Emerging markets	0.88	3.16	3.46	Income,Growth	Active	Quarterly	lt1	gt1bn	-1
JP Morgan Global Equity Income Acc	Global	0.90	5.63	2.25	Growth	Active	Quarterly	lt1	lt1bn	-1
JP Morgan Global Equity Income Inc	Global	0.90	5.61	2.27	Income	Active	Quarterly	lt1	lt1bn	-1
JP Morgan US Equity Income Inc	North America	0.64	2.51	2.21	Income,Growth	Active	Quarterly	lt1	gt1bn	-1
Jupiter Asian Income Inc	Asia (ex Japan)	0.99	5.14	3.84	Income,Growth	Active	Quarterly	lt1	gt1bn	-1
Jupiter Japan Income Inc	Japan	0.98	7.04	2.25	Income,Growth	Active	Semi-annually	lt1	lt1bn	-1
Lazard Emerging Markets Acc	Emerging markets	0.89	7.34	3.25	Growth	Active	Semi-annually	lt1	lt1bn	-1
Liontrust Sustainable Future Global Growth Acc	Global	0.85	3.49	0.00	Growth,Responsible	Active	Semi-annually	lt1	gt1bn	-1
Liontrust UK Growth Inc	UK equity	0.83	2.00	2.09	Growth	Active	Annually	lt1	lt1bn	-1
M&G Emerging Markets Bond Inc	Emerging market bonds	0.68	5.00	7.79	Income,Growth	Active	Semi-annually	lt1		-1
M&G Japan Acc	Japan	0.51	10.35	0.77	Growth	Active	Annually	lt1		-1
Man Income Professional Acc	UK equity income	0.90	10.72	5.03	Growth	Active	Monthly	lt1	gt1bn	-1
Man Income Professional Inc	UK equity income	0.90	10.71	5.20	Income,Growth	Active	Monthly	lt1	gt1bn	-1
Polar Capital Global Insurance Acc	Specialist	0.83	12.30	0.00	Growth	Active	None	lt1	gt1bn	-1
Polar Capital Global Technology Inc	Specialist	1.11	10.99	0.00	Growth	Active	Annually	lt1pt5		-1
Premier Miton Tellworth UK Smaller Companies Acc	UK smaller companies	1.02	-2.39	1.54	Growth	Active	Semi-annually	lt1pt5	lt500m	-1
Rathbone Ethical Bond Inc	UK corporate bonds	0.66	2.00	5.10	Income,Growth,Responsible	Active	Quarterly	lt1	gt1bn	-1
Royal London Sustainable Leaders Acc	UK equity	0.61	5.21	1.78	Growth,Responsible	Active	Semi-annually	lt1	gt1bn	-1
Schroder Asian Alpha Plus Acc	Asia (ex Japan)	0.88	0.36	1.56	Growth	Active	Annually	lt1	gt1bn	-1
Schroder Global Equity Income Inc	Global	0.87	4.87	4.29	Income,Growth	Active	Semi-annually	lt1	lt500m	-1
Schroder Global Recovery Acc	Global	0.87	6.79	2.55	Growth	Active	Annually	lt1	lt1bn	-1
State Street Global High Yield Bond Screened Index Fund	High yield bonds	0.27	5.41	7.38	Income,Growth	Tracker	Annually	ltpt5		-1
Stewart Investors Asia Pacific Leaders Fund Acc	Asia (ex Japan)	0.84	-0.15	0.86	Growth,Responsible	Active	Semi-annually	lt1	gt1bn	-1
Stewart Investors Worldwide All Cap Fund Acc	Global	0.68	0.79	0.56	Growth,Responsible	Active		lt1	lt500m	-1
Trojan Ethical Fund Acc	Absolute return	0.87	4.00	1.40	Growth,Responsible	Active	Annually	lt1	lt1bn	-1
Trojan Fund Acc	Absolute return	0.86	2.85	1.29	Growth	Active	Annually	lt1	gt1bn	-1
Trojan Fund Inc	Absolute return	0.86	2.83	1.28	Growth	Active	Annually	lt1	gt1bn	-1
TwentyFour Corporate Bond Acc	UK corporate bonds	0.36	1.19	4.56	Growth	Active	Quarterly	ltpt5	gt1bn	-1
TwentyFour Corporate Bond Inc	UK corporate bonds	0.36	1.19	5.07	Income	Active	Quarterly	ltpt5	gt1bn	-1
Vanguard FTSE 250 ETF	UK equity	0.1	1.74	3.61	Growth	Tracker	Quarterly	ltpt5	gt1bn	-1
Vanguard FTSE Developed Asia Pacific ex Japan ETF	Asia (ex Japan)	0.15	-1.63	0.00	Growth	Tracker	None	ltpt5		-1
Vanguard FTSE Developed Europe ex UK ETF	Europe (ex UK)	0.1	9.07	2.76	Growth	Tracker	Quarterly	ltpt5		-1
Vanguard Global Corporate Bond Index Fund £ Hedged Acc	Global bonds	0.18	2.40	4.04	Income,Growth	Tracker	Quarterly	ltpt5		-1
Vanguard Global Corporate Bond Index Fund £ Hedged Inc	Global bonds	0.18	2.45	4.12	Income,Growth	Tracker	Quarterly	ltpt5		-1
Vanguard USD Emerging Market Government Bond ETF	Emerging market bonds	0.25	2.41	6.04	Income,Growth	Tracker	Monthly	ltpt5		-1
Waverton Sterling Bond Acc	Strategic bonds	0.45	-1.02	3.19	Growth	Active	Quarterly	ltpt5	gt1bn	-1
WS Gresham House UK Smaller Companies Acc	UK smaller companies	0.84	2.24	1.45	Growth	Active	Semi-annually	lt1	lt500m	-1
WS Lightman European Acc	Europe (ex UK)	0.80	6.47	3.09	Growth	Active	Annually	lt1	lt1bn	-1

How do you choose funds for the AJ Bell Favourite funds list?
The Favourite funds list includes both active funds (where a fund manager is paid to choose investments that outperform a benchmark) and tracker funds (which simply track an index or benchmark). We choose funds for their performance potential only, and don't receive any payments or commission from managers for choosing their funds. Learn more about the different types of funds available.

When choosing active funds for the list, we look at many factors including:
- The fund manager, their team and the wider organisation
- The investment philosophy underpinning the investment process
- The fund’s objective and suitability to meet the fund’s strategy
- The way the fund portfolio is constructed and whether it’s suitably diversified
- The performance of the fund and its ability to meet its objectives
- The cost of the fund and the value added by the fund manager
When choosing the tracker funds on the list, we researched the following:
- The fund manager and their ability to successfully track the chosen index
- The investment approach to index replication – we've only selected funds which physically replicate the index they track
- The cost of the fund or ETF
- The size of the fund and whether it's large enough to ensure liquidity
- How the fund compares with its peer groups. Learn how we choose peer groups

What changes have we made to the AJ Bell Favourite funds list?
We regularly review the Favourite funds list to keep it up to date. Below are the funds we’ve recently decided to add or remove. Please keep in mind this list of changes is information only, and not a personal recommendation to buy or sell these funds.

April 2025
- Rathbone Ethical Bond Inc – added because of its experienced management team, who have delivered attractive risk-adjusted returns within the sector over many years.
- CT Responsible Sterling Corporate Bond Inc – removed to make room for a more actively managed alternative fund that we have greater confidence in.
March 2025
- Schroder Asian Alpha Plus Acc – added because of its strong team of research analysts and fund managers, who’ve delivered good returns within Asian equity markets over many years.
- Fidelity Asia Acc – removed to accommodate a fund we have greater confidence in.
- Schroder European Acc – removed due to reduced conviction in the fund’s manager and investment approach.
- Previous changes to the list
  
  January 2025
  
  Royal London Corporate Bond – removed because of the challenges of managing such a large quantity of assets within the sterling corporate bond market.
  
  October 2024
  
  WS Gresham House UK Smaller Companies Acc – added to offer investors access to a UK smaller companies fund with a differentiated investment approach benefitting from the firm’s wider experience in private markets.
  
  FTF Martin Currie UK Smaller Companies Acc – removed as part of a consolidation of UK smaller companies funds into higher conviction alternatives.
  
  WS Amati UK Listed Smaller Coms Acc – removed to accommodate a higher conviction option.
  
  Montanaro UK Income Inc – removed as part of a consolidation of UK equity funds into higher conviction alternatives.
  
  September 2024
  
  HSBC FTSE All-World Index Tracker Fund C Inc – Added a distributing share class, to accompany the accumulation version of this existing Favourite Fund.
  
  HSBC Global Government Bond ETF XCHGBP – New addition to the list, giving investors access to a low cost and globally diversified, government bond exposure.
  
  HSBC Global Aggregate Bond ETF XCHGBP – New addition to the list, giving investors access to a low cost and globally diversified, investment grade government and corporate bond exposure.
  
  Vanguard Global Corporate Bond Index Fund £ Hedged Acc – New addition to the list, giving investors low cost exposure to globally diversified, corporate bonds.
  
  Vanguard Global Corporate Bond Index Fund £ Hedged Inc – New addition to the list, giving investors low cost exposure to globally diversified, corporate bonds.
  
  August 2024
  
  M&G Japan Acc – Added as a balanced option investing in Japanese equity markets.
  
  Fidelity Special Situations Acc – Added to offer variety to our UK equity selections.
  
  Janus Henderson UK Responsible Income Inc – Added to offer an ethical option in the UK equity income sector.
  
  Waverton Sterling Bond Acc – Added to complement our existing option in the strategic bond sector.
  
  Baillie Gifford Japanese Acc – Removed to accommodate a Japanese fund with a balanced investment approach.
  
  Man GLG Undervalued Assets Acc – Removed to consolidate the list of UK equity funds. The, similarly managed, Man GLG Income fund remains on the list.
  
  Liontrust Sustainable Future UK Growth Acc – Removed to consolidate the list of UK equity funds.
  
  July 2024
  
  iShares Japan Equity Index Fund D Acc – Removed from the list to accommodate the Fidelity Index Japan Fund, given the Fidelity fund’s superior risk adjusted performance profile.
  
  Fidelity Index Japan P Acc – New addition to the list. Strong long-term performance versus peers, at a low cost.
  
  May 2024
  
  Allianz Strategic Bond – Removed from the list due to the impending departure of the lead manager.
  
  April 2024
  
  Jupiter UK Special Situations Acc – Removed from the list due to the departure of the lead manager.
  
  March 2024
  
  Fidelity Global Special Situations – Removed from the list due to the departure of the lead manager, Jeremy Podger.
  
  October 2023
  
  JOHCM UK Dynamic – This has been removed to consolidate the list of UK Equity funds.
  
  July 2023
  
  Amundi MSCI Japan ETF – Having reviewed the two passive options for Japan, an index fund and an ETF, we took the decision to simplify the choices for passive investors in this region, removing the ETF, due to the index fund being a better value selection.
  
  iShares Core £ Corporate Bond ETF – Review of the sector highlighted that an index fund variant, of the same strategy and from the same issuer, iShares, was a better value selection, for list investors.
  
  HSBC MSCI China UCITS ETF Acc – Due to the growing economic importance of China, the team believe it would be worthwhile offering investors a way to invest in this region. The HSBC MSCI China ETF offers broad exposure to a mix of both onshore and offshore Chinese stocks, at one of the lowest costs in the market.
  
  iShares Corporate Bond Index (UK) D Acc – Review of the sector highlighted that this index fund variant, of iShares UK corporate bond index strategy, was a better value selection, for list investors, than their ETF version.
  
  State Street Global High Yield Bond Screened Index Fund – With the tracker market for Global High Yield bonds maturing, the team are pleased to be able to offer list investors a way to passively access this interesting asset class that has the characteristics of bonds but reacts to similar economic signals as stocks.
  
  iShares MSCI World Islamic ETF – Shariah compliant investing is a growing area of interest, where investments are made according to the principles of the Islamic faith and Sharia law. We've added an option in the Specialist category, to help investors access this segment of the market.
  
  Trojan Ethical Fund – Trojan Ethical Fund - This addition offers investors exposure to a multi asset vehicle, managed by a tried and tested management team that has flexibility to vary allocations to any of their 4 asset classes; shares, fixed income, precious metals and cash (cash like instruments) with an overlay of ethical exclusions prohibiting the inclusion of companies selling alcohol, tobacco, armaments and gambling amongst other areas.
  
  May 2023
  
  Blackrock ICS Sterling Liquidity – Following the sharp rise in interest rates over the past 12 months, holding cash like instruments is now a viable asset class. The Blackrock ICS Sterling Liquidity fund has been added as it has a long heritage and is managed by an experienced duo who manage the fund to maximise income whilst preserving capital.
  
  JPM Global Equity Income – We have added this fund as it is managed by an experienced management team who have access to an extensive pool of analysts. The team hold a pragmatic investment philosophy targeting a balanced approach between income yield and capital growth.
  
  Trojan Fund – This addition offers investors exposure in a multi asset vehicle that has flexibility to vary allocations to any of their 4 asset classes; shares, fixed income, precious metals and cash (cash like instruments).
  
  Fidelity Strategic Bond – Following a review of the sector, we took the decision to remove the fund owing to higher conviction options elsewhere in this part of the market.
  
  Janus Henderson Absolute Return – We have removed the fund following broader review of the sector. We have other preferences in this part of the market.
  
  Ninety One UK Alpha – We considered the UK sector to be overpopulated with ideas and have removed the fund in lieu of other preferred options in the sector.
  
  Trojan Global Income – This has been removed as we sought to consolidate and diversify the list in this part of the market.
  
  Trojan Income – Following sector review and list consolidation, we have removed the fund from the list owing to preferences elsewhere within the sector.
  
  January 2023
  
  Blackrock UK Income – This is a core UK Equity Income strategy and has been added. The strategy offers a pragmatic style agnostic approach and is managed by an experienced and well-established management team at BlackRock. The investment approach seeks above average income returns against the benchmark without sacrificing long-term capital growth.
  
  Liontrust UK Growth – Has been added as we have conviction in this management team who hold a clear philosophy and investment process that have been tried and tested over time. The structure ensures a disciplined and pragmatic investment approach, offering a competitive advantage. The longevity of the team and consistency of implementation provides credibility, with a strong focus on long-term sustainability of profits on companies held within the portfolio.
  
  CT UK Equity – This has been removed following a review after the retirement of long-term manager, Richard Colwell, late in 2022. We have a higher conviction in the Blackrock UK Income fund which holds a similar investment approach.
  
  FTF Martin Currie Mid Cap – We took the decision to remove the fund from the Favourite funds list owing to uncertainty with the team dynamic following a series of retirements in recent years.
  
  November 2022
  
  Invesco High Yield – This is a core high yield strategy. We have added the fund which has experienced fund managers with a tried and tested investment approach underpinned by a clear investment philosophy. The performance has been excellent relative to the broader IA £ high yield peer group over time, both in absolute terms and on a risk-adjusted basis.
  
  Baillie Gifford – We took the decision to remove the fund from the Favourite funds list owing to higher conviction alternatives available elsewhere within the sector.
  
  May 2022
  
  iShares Core Global Aggregate Bond ETF GBP Hedged – added to offer low cost exposure to global bonds without the impact of currency movements.
  
  iShares Core Global Aggregate Bond and M&G Global Macro Bond – both removed to reduce currency risk.
  
  January 2022
  
  HSBC FTSE All-World Index Tracker Fund C Acc – added as this provides a genuinely global coverage of the stock markets, by including both developed and emerging market regions, with a low ongoing charge.
  
  iShares MSCI World SRI ETF – added to offer investors a way to responsibly invest in global, developed stock markets, by owning only companies with the strongest ESG scores and minimal controversies.
  
  iShares Physical Gold ETC – added to give investors a way to gain exposure to the gold price, by investing in physical gold bullion, at a low cost.
  
  Lyxor Core MSCI World ETF – Already have a global, developed world index fund on the list. Replacing this ETF, in favour of the HSBC FTSE-All World Index Fund, which has broader global exposure.
  
  December 2021
  
  BlackRock UK Special Situations – added to offer additional choice in the UK equity sector.
  
  Liontrust Special Situations – removed due to concerns over the size of the fund and its ability to achieve its objectives.
  
  November 2021
  
  Allianz Gilt Yield – removed due to a preference for gilt exposure to come from low cost passive investment solutions.
  
  July 2021
  
  Securities Trust of Scotland – added to the list to provide a dedicated global equity income option.
  
  June 2021
  
  Lightman European – added to the list to offer additional choice in the Europe (ex UK) sector
  
  January 2021
  
  Schroder Global Equity Income – added to the list to offer additional choice in the Global sector
  
  December 2020
  
  TB Amati UK Smaller Companies fund – added to offer additional complementary choice in the UK Smaller Companies sector
  
  July 2020
  
  Artemis Corporate Bond fund – added to offer additional complementary choice in the Corporate Bond sector.
  
  Invesco Corporate Bond fund – removed due to a lack of conviction in its ability to achieve its stated objective.
  
  The BMO Responsible Sterling Corporate Bond, Liontrust Sustainable Future Global Growth, Liontrust Sustainable Future UK Growth & Royal London Sustainable Leaders – added to offer additional choice in the Ethical/Sustainable sector
  
  Following a review of the tracker funds on the list, we’ve added:
  
  Lyxor Core Actuaries UK Gilts Inflation-Linked ETF – a low cost ETF in the UK offering investors exposure to government inflation-linked bonds
  
  iShares Global Aggregate Bond ETF – offers a mix of global government and corporate bonds, giving investors broad global bond exposure with a single ETF
  
  iShares MSCI Target UK Real Estate ETF – an innovative fund that carries less volatility than traditional property funds by mixing property shares with inflation linked bonds
  
  iShares Automation & Robotics ETF – a relevant theme for investors seeking high-growth, high-risk technology focused investments
  
  Lyxor Core Morningstar UK ETF – it offers a broad coverage of the UK share market with a low ongoing charge
  
  Lyxor Core MSCI Japan ETF – covering the large and mid-cap Japanese equity market, with one of the lowest charges in that market
  
  Vanguard FTSE Developed Asia Pacific ex Japan ETF – includes Korea within its fund, allowing for a greater number of holdings in the fund compared to other trackers covering this region
  
  We’ve removed these funds to ensure we offer a focused choice within each asset type. It’s important to note that we don’t see any issues with how these tracker funds are run, instead we prefer a different way of accessing the asset type:
  
  iShares Core MSCI Pacific ex-Japan ETF
  
  iShares Global Government Bond ETF
  
  iShares Overseas Government Bond Index Fund
  
  iShares UK Property ETF
  
  SPDR FTSE UK All Share ETF
  
  Vanguard FTSE Japan ETF
  
  Vanguard UK Inflation-linked Gilt Index Fund
  
  June 2020
  
  Kames Ethical Cautious Managed fund – removed from the Favourite funds list, due to the lack of conviction in its ability to achieve its objective
  
  March 2020
  
  LF Tellworth UK Smaller Companies and TB Evenlode Global Income – added to the list, providing additional complementary choice in the Global and UK smaller companies sectors
  
  Trojan Global Income – added to the list to offer additional complementary choice in the Global sector
  
  TB Saracen Global Income & Growth – removed from the list due to a falling fund size
  
  BNY Mellon Global Income – removed from the list as the lead fund managers announced they are leaving the fund
  
  February 2020
  
  Merian UK Smaller Companies – removed from the list due to the corporate uncertainty created by the news of an agreed acquisition of Merian Global Investors by Jupiter Fund Management plc.
  
  January 2020
  
  Allianz Strategic Bond and BlackRock Continental European Income – added to the list, providing additional complementary choice in the European equities and Strategic Bond sectors
  
  BNY Mellon Global Dynamic Bond – removed from the list following a fall in confidence that it could consistently achieve its stated investment objective
  
  November 2019
  
  BMO Barclays Global High Yield Bond (GBPH) ETF – removed from the list following the announcement of the closure of the ETF from January 2020
  
  Troy Trojan Income Inc – changed its name to Trojan Income Inc
  
  FP Crux European Special Situations Acc – changed its name to TM Crux European Special Situations Acc
  
  August 2019
  
  Standard Life Global Smaller Companies – changed its name to Aberdeen Standard Investments Global Smaller Companies.
  
  July 2019
  
  Janus Henderson UK Property PAIF Inc – removed from the list due to continued outflows over a prolonged period of time
  
  Jupiter Global Emerging Markets Acc – removed from the list due to a falling fund size and increasing fund costs
  
  June 2019
  
  Newton Global Dynamic Bond – changed its name to BNY Mellon Global Dynamic Bond
  
  Newton Global Income – changed its name to BNY Mellon Global Income
  
  April 2019
  
  Lyxor Core MSCI World ETF – added to the list due to its low cost and ability to track the index tightly
  
  Vanguard USD Emerging Markets Government Bond ETF – added to the list to provide a high-calibre passive offering to complement our active offering in this area
  
  Schroder Tokyo Acc – removed from the list following the announcement that the fund manager is due to retire
  
  iShares Core MSCI World ETF and iShares £ Index-Linked Gilts ETF – removed from the list as lower cost, better alternatives have been identified
  
  BMO Barclays Global High Yield Bond (GBP Hedged) ETF – replaced iShares Global High Yield Corporate Bond ETF as it removes the impact of currency fluctuations
  
  September 2018
  
  We have undertaken an in depth review of the Favourite funds list which has resulted in a number of changes being made. This has seen 11 new funds added to the list that we judge to be amongst the high quality in their field, while 10 have been removed due to us having higher conviction in alternative managers.
  
  The following funds have been added:
  
  Allianz Gilt Yield Inc
  
  Franklin UK Smaller Companies Acc
  
  Janus Henderson UK Absolute Return Acc
  
  JO Hambro UK Dynamic Acc
  
  Jupiter Global Emerging Markets Acc
  
  M&G Emerging Market Bond Inc
  
  M&G Global Macro Inc
  
  Montanaro UK Income Inc
  
  Schroder European Acc
  
  Schroder Global Recovery Acc
  
  Troy Trojan Income Inc
  
  The following funds have been removed:
  
  Artemis European Opportunities Acc
  
  Fidelity Enhanced Income Inc
  
  Janus Henderson Fixed Interest Monthly Income Inc
  
  JP Morgan Multi Asset Income Inc
  
  Kames Investment Grade Bond Inc
  
  LF Woodford Equity Income Inc
  
  Majedie UK Equity Acc
  
  River & Mercantile UK Equity Income Inc
  
  Threadneedle Dynamic Real Return Acc
  
  Unicorn UK Income Inc
  
  August 2018
  
  Fidelity Global Special Sits Acc, Man GLG UK Income Professional Inc, Royal London Corporate Bond Inc and TwentyFour Corporate Bond Inc – added to the list
  
  June 2018
  
  VT AJ Bell Passive Global Growth fund – added to the list following launch.
  
  May 2018
  
  Lyxor FTSE Actuaries UK Gilts ETF and Lyxor FTSE Actuaries UK Gilts 0-5yr ETF – have both been added to the list
  
  Vanguard UK Gilt ETF, iShares Core UK Gilt ETF and iShares UK Gilts 0-5yr ETF – removed from the list as lower cost, better alternatives have been identified
  
  March 2018
  
  Artemis Strategic Bond Quarterly Inc – added to the list
  
  Invesco Perpetual Global Financial Capital – removed from the list following a change in rating
  
  February 2018
  
  BlackRock Gold and General fund – added to the list
  
  Franklin UK Mid Cap fund – added to the list
  
  First State Global Resources – removed from the list following the announcement that First State intends to close its Global Resources capability
  
  River & Mercantile UK Equity Smaller Companies – removed from the list following the departure of the fund manager
  
  January 2018
  
  BlackRock Japan Equity Tracker Fund Acc – changed its name to iShares Japan Equity Index Fund Acc
  
  BlackRock Overseas Govt Bond Tracker Fund Acc – changed its name to iShares Overseas Govt Bond Index Fund Acc
  
  BlackRock UK Equity Tracker Fund Acc – changed its name to iShares UK Equity Index Fund Acc
  
  August 2017
  
  Schroder Tokyo fund – downgraded from AAA to A
  
  June 2017
  
  Unicorn UK Income fund – added to the list
  
  Schroder UK Dynamic Smaller Companies – removed from the list following the departure of the fund managers
  
  April 2017
  
  Fidelity Emerging Markets fund – added to the list
  
  Invesco Perpetual Asian fund – downgraded from AA to A following a change in the fund manager
  
  GS Emerging Markets Equity portfolio – removed from list following the departure of the fund manager

Want to be notified when we make changes to our Favourite funds list? Simply sign up for our weekly investment insights email by toggling on the option in your account.

Important information: Remember that the value of investments can change, and you could lose money as well as make it. If you’re not confident about making your own financial decisions, or are looking for advice, you should speak to a suitably qualified financial adviser.

AJ Bell Favourite funds

Managing your portfolio

Search our Favourite funds

How do you choose funds for the AJ Bell Favourite funds list?

What changes have we made to the AJ Bell Favourite funds list?

April 2025

March 2025

January 2025

October 2024

September 2024

August 2024

July 2024

May 2024

April 2024

March 2024

October 2023

July 2023

May 2023

January 2023

November 2022

May 2022

January 2022

December 2021

November 2021

July 2021

June 2021

January 2021

December 2020

July 2020

June 2020

March 2020

February 2020

January 2020

November 2019

August 2019

July 2019

June 2019

April 2019

September 2018

August 2018

June 2018

May 2018

March 2018

February 2018

January 2018

August 2017

June 2017

April 2017

Choose an account to invest in

Existing customer?

New customer