Top 10 most popular investment trusts – October 2017

The most popular investment trust bought among investors on Money Observer's sis

The most popular investment trust bought among investors on Money Observer's sister website Interactive Investor continues to be Scottish Mortgage. James Anderson’s technology-slanted global trust enjoys huge popularity, and it entered the FTSE 100 earlier this year. 

It is by far the most favoured trust with Interactive Investor users, with the number of ‘buy’ trades in October some 270 per cent higher than those for Witan, which was the second most-purchased trust.

Witan, the multi-manager trust headed up by Andrew Bell, outsources its portfolio to external fund managers, who invest in different regions.

On a five-year view, its share price is up 142 per cent, comfortably ahead of its peers: the average global trust has risen by 107 per cent over the same period.

Woodford Patient Capital, has gone up by three places to take third spot in our list, even though its performance continues to struggle. Its share price has lost 0.8 per cent over one year, while the average trust in the UK All Companies sector has gained 21.2 per cent over the same period.

It is followed by TR European Growth in fourth place. Echoing wider economic growth in continental Europe, which was at 2.5 per cent over the year, the trust returned 57.9 per cent over the past year.

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Managed by Ollie Beckett, the trust invests in smaller companies of under £3 billion throughout western Europe. Most of his holdings are below £1 billion because that is where he finds most value.

City of London completes the top five. The trust has a formidable reputation as an income-producing investment trust with 50 years of consecutive annual dividend increases under its belt.

It was followed by Fidelity China Special Situations, which returned 24.2 per cent over one year and 99.1 per cent over three years. This trust focuses purely on China, a market which, despite its challenges in transitioning from an export-led to a consumption-based economy, is a crucial driver of global growth

Entering the top 10 in seventh position is Baillie Gifford Shin Nippon, which focuses its efforts on investing in 'the most dynamic and innovative smaller businesses' that are emerging in Japan. The trust is managed by Praveen Kumar, who is also set to take the reins of Baillie Gifford Japan Trust next April.

Finsbury Growth & Income, managed by respected stock picker Nick Train, is in eighth position, slipping four places down the table compared to September. In an exclusive interview inside Money Observer’s September issue, Train explained why he believes the eight-year long bull market is here to stay. 

RIT Capital Partners, which focuses on capital preservation and benefits from the active involvement of Lord Rothschild, was the ninth most popular trust in October.

Foreign & Colonial completes the table. Managed by Paul Niven, the trust has 47 per cent in North American equities, 19.8 in Europe ex UK and 10.2 per cent in Japanese equities, and it returned 11.3 per cent over six months and 21.3 per cent over one year.


Rank

Trust

AIC sector

Change since Sept

1 month share price return to 3
Nov (%)

3 -year share price return to 3
Nov (%)

1

Scottish Mortgage

Global

--

5.1

87.9

2

Witan

Global

--

3.4

55

3

Woodford Patient Capital

UK all companies

+3

-6.2

-

4

TR European Growth

European Smaller Companies

-1

7.5

155.4

5

City of London

UK equity income

--

1.6

29.5

6

Fidelity China Special
Situations

Global

+1

7.4

99.1

7

Baillie Gifford Shin Nippon

Japanese Smaller Companies

+4

9

163.9

8

Finsbury Growth & Income

UK equity income

-4

3.9

58.6

9

RIT Capital Partners

Flexible Investment

--

1

46.5

10

Foreign & Colonial

Global

-2

2.6

64.3

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