BlackRock European Dynamic

European shares trade cheaper than US rivals but there are world-class companies there, and they are due a catch up. This fund has an excellent track record and is in the top 5pc of European funds over the past decade.

It buys large, fast-growing companies, such as fashion house LVMH, semiconductor equipment firm ASML and pharmaceutical giant Novo Nordsik.

The shares it buys tend to be “growth” stocks, companies growing quickly with hopefully a share price to match, and on average its holdings are twice as expensive than the market average. This means it’s a risky bet but if European stocks take off next year this fund is in prime position to take advantage.

Harry Brennan

Artemis UK Select 

This year I’m betting on Britain. The London market is trading at a big discount compared to America and Europe, which makes it a good time to get in. 

The £1.3bn Artemis UK Select fund has outpaced the average fund investing in British stocks, returning 16pc over the last year. Over three years, it has grown 61.4pc.

Ed Legget, who runs the fund, recently told us he is betting on airlines and has been buying in while share prices are at multi-year lows. He holds IAG, Ryanair and Jet2. Airlines may seem a risky bet given the renewed travel restrictions but they won’t last forever. There will be pent up demand from eager holidaymakers as soon as restrictions are lifted.

Jessica Beard

Mid Wynd International

Mid Wynd International did well in 2021, taking third place in the Telegraph team’s fund picks and returning 19pc for investors.

The trust, which buys stocks from around the world, sells itself on a slow and steady approach and ability to ride out market upsets due to its broad spread of investments, from tech firms to healthcare companies. With so many unknowns around the corner, I’m happy to stick with this cautious pick for another year.

Will Kirkman