Top 10 most popular investment trusts – September 2017

The newest entrant to our 10 most popular investment trusts league table is trad
There’s been plenty of movement in our monthly look at where customers of our sister website Interactive Investor have been putting their money to work in the investment trust space.

As ever, though, Scottish Mortgage continues to occupy top spot. It is by far the most popular trust with Interactive Investor users, with the number of ‘buy’ trades in September 200 per cent higher than for Witan, which was the second most-purchased trust. 

Under the management of James Anderson, Scottish Mortgage continues to go from strength to strength, with the trust entering the FTSE 100 earlier this year

In an exclusive interview with Money Observer in April, Anderson explained why the basic underpinnings of the technological revolution are getting stronger rather than weaker.  

Sitting in second spot is Witan, the multi-manager trust headed up by Andrew Bell. Since taking the chief executive hot seat in 2010, Bell has revitalised the trust’s fortunes. On a five-year view, its share price is up 136 per cent, comfortably ahead of its peers: the average global trust has risen by 103 per cent over the same period. In March, as part of our Money Maker series, Bell explained why in the case of active funds it is worth paying up for talent.  

Rising up our table into the top three is TR European Growth, which has impressed over the past year, posting a share price rise of 64 per cent. Managed by Ollie Beckett, the trust invests in smaller companies of under £3 billion throughout western Europe. 

Completing the top five are two trusts that are regular fixtures in our top 10 most-bought investment trust league table: Finsbury Growth & Income and City of London

Slipping down the rankings is Woodford Patient Capital, which continues to struggle. Its share price has lost 1.1 per cent on a one-year view, while in contrast the average UK growth trust is showing a share price return of 16.3 per cent over the same period. 

In seventh is Fidelity China Special Situations (FCSS), a new entry. A couple of weeks ago our investment trust bargain hunter series highlighted that FCSS was trading at a cheap entry point, offering a discount of 14 per cent at the time of writing on 20 September. It seems that some investors took note, as the discounts has since narrowed to 10.1 per cent, below its 12-month average discount score of 12.4 per cent. 

Completing the top 10 are: Foreign & Colonial, RIT Capital Partners and Templeton Emerging Markets. Exiting the top 10 is Baillie Gifford Shin Nippon, one of Money Observer’s adventurous fund tips for 2017/18.   


Rank

Trust

AIC sector

Change since August

1 month share price return to 5
October (%)

3 -year share price return to 5 October (%)

1

Scottish Mortgage

Global

--

0.3

93.7

2

Witan

Global

--

1.9

61.1

3

TR European Growth

European smaller companies

+2

3.8

148.9

4

Finsbury Growth & Income

UK equity income

+4

0.3

58.4

5

City of London

UK equity income

-1

1.9

32.8

6

Woodford Patient Capital

UK all companies

-3

-3.6

N/A

7

Fidelity China Special
Situations

Asia Pacific

New entry

6

104.5

8

Foreign & Colonial

Global

-2

2.4

68.8

9

RIT Capital Partners

Flexible

-1

3.8

54.5

10

Templeton Emerging Markets

Emerging markets

--

3.3

42.2

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