Whether during the seemingly unstoppable popularity of US tech in the summer of 2018 or during the sector’s heavy sell sell-off this autumn, Scottish Mortgage has managed to keep its position as the most popular investment trust among investors of interactive investor, Money Observer’s parent company.
October was tough month for markets. Stocks around the world saw heavy selling and among the hardest hit was the once seemingly unstoppable US tech sector.
The consensus among financial commentators is that emerging markets are cheap right now due fears surrounding the China/US trade war, among other reasons. However, that hasn’t meant much of a pickup in popularity for the sector among investment trust investors, according to data from our sister website Interactive Investor showing the most bought trusts in September 2018.
August saw investors on our sister website interactive investor continue to pile into global trusts, particularly those with a heavy technology weighting.
10 most popular trusts in July 2018
Global and tech choices continue to dominate investor trust choices
Despite recent wobbles, shares in tech shares have been some of the strongest performers this year, and this has been reflected in investors’ investment trust preferences.
Investors have been piling into tech over the past few weeks, so its no surprise that tech-focused Allianz Technology Trust was one of the most purchased funds in May, according to data from our sister website Interactive Investor.
Run by Walter Price, it was the second most-bought investment trust, shooting up from fifth place the month prior.
Despite a volatile month for equity markets, the investment trusts bought in April remained largely unchanged from the previous month.
Despite the market downturn, the most commonly bought investments hardly changed between February and March.
Woodford Patient Capital is back, while Carlos Hardenberg’s departure from Templeton Emerging Markets may have spooked investors.