Most bought funds: June 2026

Find out why Freetrade users’ most-bought funds show a lean into US tech that could be leaving investors overexposed. Also, learn why investors might still be keeping money market funds close at hand, and why that could soon change. 

Just remember that this is not investment advice or a recommendation to buy any of these funds. Instead, it’s simply meant to provide insight into the most popular funds among Freetrade investors.

You can learn more about funds by reading Freetrade’s mutual funds explainer.

Top traded funds methodology: The rankings are based on the total executed value of buy orders placed by Freetrade customers from 1 May to 31 May 2026. The figures reflect buy-side activity only and do not account for sales, holding periods, or individual portfolio weightings.

Note: We’ve made a change with how top funds are measured, by combining Vanguard’s LifeStrategy funds into one entry. This allows for greater insight into how investors are using funds to gain exposure to more nuanced sectors and markets.

Over-techsposure?

The interesting change this month is not just that investors are taking more risk. It’s that the risk looks more deliberate. 

In the L&G Global Technology Index Trust, the top 10 includes a dedicated global technology fund, suggesting some Freetrade users are using funds to lean into the same US-led growth story dominating single-stock buying. 

Its top holdings include Nvidia, Apple, Microsoft, Alphabet, and Broadcom. 

With the S&P500 leaning increasingly hard on tech hyperscalers, the Vanguard U.S. Equity Index Fund has markedly similar top holdings. Namely, Nvidia, Apple, Microsoft, Amazon, and Alphabet.

Looks pretty familiar!

What about the HSBC FTSE ALL World Index Fund? “All world” sounds suitably broad, after all. 

But no, it’s the usual suspects.

Nvidia, Apple, Microsoft, Amazon, and Alphabet.

The point here is not that these stocks or funds are bad, but rather that investors could be overexposed without realising it. So, remember to check the holdings of your chosen funds and ETFs. 

You might not be as diversified as you thought.

One foot on the brake

At the other end of the risk spectrum, it’s also worth wondering why money market funds have remained so popular. 

Is this a reminder that caution has not disappeared? 

With macro uncertainty lingering, interest rates could remain elevated for longer than many expected at the start of this year. Perhaps some Freetrade users are happy to keep part of their portfolio in lower-volatility, cash-like products for the time being.

Alternatively, is it simply part of Freetrade users’ strategy to park cash in money market funds while they decide what assets to invest in?

It’s probably a mixture of the two. Freetrade users bought far more than they sold of the two money market funds to feature in the top 10. 

But there is a potential wrinkle on the horizon.

Cash-like investments held within ISAs may well be in the firing line as part of the Chancellor’s ISA reforms. There’s no official word yet on how cash-like investments will be affected, or even whether money market funds are designated as cash-like. 

However, HMRC has indicated that draft regulations will address “cash-like” investments as part of ISA changes.

Any shift in treatment could impact Freetrade users and how they construct their portfolios. We will keep customers updated as soon as any rule changes are published.