Tatton Core Active was the most recommended platform managed portfolio solution in the first quarter of the year, climbing from sixth place at the end of 2023.

The previous most popular MPS investment solution, Timeline Classic 50, fell to fifth in the latest tables compiled by data provider Defaqto.

The highest of four new entrants in the top 10 was Timeline Tracker 50 at third with the two most notable climbers from end of 2023 being Rockhold Active Adventurous, up from 206^th to fifth, and Albemarle ASPIM Growth 6 solutions, which climbed from 67^th to 10^th.

Andy Parsons, insight manager (funds & DFM) at Defaqto, said: “As the table clearly shows, there are a variety of investment solutions being chosen across a multitude of varying styles and risk levels. Leading the way is Tatton with three solutions in the top 10, whilst the likes of Brewin Dolphin and Timeline are represented twice.”

Source: Defaqto

Meanwhile, topping the top 10 most recommended single asset funds by value for the first quarter of the year was Fundsmith Equity fund, managed by Terry Smith.

Andy Parsons, said: “The positive sentiment that took over the markets towards the back end of 2023 carried through into the first quarter of 2024, with many investors still favouring the US, Japan, Global and Technology focused themes.”

Source: Defaqto

When it came to the top 10 most recommended multi-asset investment solutions by value in the period, very little changed, with only two new entrants to the top 10.

Andy Parsons said: “The top 10 is represented by six different providers. Vanguard leads the way with three solutions, whereas both HSBC and BNY Mellon are represented twice. Overall, we see two new entrants in the shape of the Artemis Monthly Distribution, and the VT AJ Bell Balanced solution.”

Source: Defaqto. The data for the tables was drawn from Defaqto Engage.