The 20 investment trusts investors have been eyeing up

There was a strong correlation between inclusion among the top 20 and consistent dividend growth.

Funds and Investment Trusts January 9, 2020 by Tom Bailey

The Association of Investment Companies (AIC) has revealed the 20 investment trusts that received the most website page views in 2019.

The number of page views a trust gets on the AIC’s website can be taken as indicative of what investment trusts, or types of investment trusts, investors have been interested in.

Perhaps unsurprisingly, the most viewed investment trust of the year was Scottish Mortgage, as it has been for the past three years.

Managed by James Anderson, the trust is generally held in very high regard by private investors, owing to its strong performance of the past few years. It has returned investors 143% over the past five years.

While the trust’s performance has dipped in recent months, its popularity has not noticeably diminished.

There was also a strong correlation between inclusion among the top 20 and consistent dividend growth. Out of the 20 trusts, 15 have grown their dividends for more than 10 years in a row. A total of 12 also boast “dividend hero” status, meaning they have grown their dividend consistently for 20 years or more.

According to Annabel Brodie-Smith, communications director at the AIC, this was reflective of a desire for income seeking assets among investors. She noted: “It’s clear too that investors are still hungry for income, with half of the top 20 belonging to income-generating sectors and three quarters having track records of consecutive dividend rises for over 10 years.”

City of London came in second place, followed by Murray International. In fourth place was Finsbury Growth & Income. The trust, run by star manager Nick Train, has come under pressure lately, recently losing its Morningstar gold star status.

New entries among the most viewed for 2019 that did not make an appearance in 2018 included Caledonia, Scottish American and Perpetual Income & Growth.

Rank Investment company AIC sector Total return 2019 Yield (%)
1 Scottish Mortgage Global 24.76 0.54
2 City of London UK Equity Income 20.53 4.28
3 Murray International Global Equity Income 16.45 4.21
4 Finsbury Growth & Income UK Equity Income 21.82 1.84
5 Edinburgh UK Equity Income 9.43 4.55
6 F&C Investment Trust Global 22.89 1.52
7 Merchants UK Equity Income 28.42 4.77
8 Bankers Global 29.88 2.07
9 Henderson Far East Income Asia Pacific Income 12.72 6.13
10 Alliance Trust Global 24.29 1.66
11 BMO Global Smaller Companies Global Smaller Companies 19.94 1.14
12 European Assets European Smaller Companies 24.81 5.54
13 Caledonia Flexible Investment 12.98 1.91
14 Temple Bar UK Equity Income 34.29 3.62
15 Scottish American Global Equity Income 25.07 2.75
16 Perpetual Income & Growth UK Equity Income 13.47 4.46
17 Witan Global 22.13 2.14
18 Allianz Technology Technology & Media 35.00 0.00
19 JPMorgan Global Growth & Income Global Equity Income 26.20 3.76
20 Edinburgh Worldwide Global Smaller Companies 33.54 0.01

 

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