Beyond the Magnificent Seven: riding the wave of the surging US economy
The US economy has had a barnstorming quarter. It grew at 4.9% from June to September*, outpacing...
The Junior ISA was introduced on 1 November 2011. Just like the standard ISA, it’s a tax-efficient wrapper which shields income and capital gains from the taxman and was designed to help parents, grandparents, guardians, and family friends save or invest money for children.
When it first launched, the maximum amount you could invest each year was £3,600. 11 years on, the maximum annual allowance is £9,000 – a substantial amount of money that can give children a solid financial start in life.
Of course, that amount is beyond the means of many people. But even a one-off investment of £1,000 when the Junior ISA was introduced could be worth many times that today.
The best performing sector over the past 11 years has been the IA Healthcare sector, with the average fund turning an initial £1,000 investment into a pot of money worth £4,833.82*. The next best sector on average was IA Technology and Technology Innovations, followed by IA North America in third place*.
Top of the table is Fidelity Global Technology fund, which has turned £1,000 into £7,788.11*.
In second place is Scottish Mortgage Investment Trust, which despite having had a torrid 12 months as its high growth stocks have fallen out of favour, has still turned £1,000 into £6,312.40*.
Third spot is taken by Polar Capital Healthcare Opportunities with £6,041.57*.
Top 10 performing Elite Rated funds and trusts over 11 years
|Rank||Fund/Trust||Has turned £1,000 into:|
|1||Fidelity Global Technology||£7,788.11|
|2||Scottish Mortgage Investment Trust||£6,312.40|
|3||Polar Capital Healthcare Opportunities||£6,041.57|
|4||AXA Framlington Global Technology||£5,657.14|
|5||Baillie Gifford American||£5,096.20|
|7||GAM Star Disruptive Growth||£5,038.37|
|8||AXA Framlington American Growth||£5,038.24|
|9||Polar Capital Global Insurance||£4,681.93|
|10||Baillie Gifford Shin Nippon||£4,637.50|