Scottish Mortgage was the most-bought trust on Money Observer's sister website Interactive Investor in July.
The trust, which is managed by James Anderson, is a technology-dominated global equity portfolio and Money Observer Rated Fund.
It has been the most-bought trust on Interactive Investor every month since February 2014. Only once, in April 2015, it was briefly toppled by Woodford Patient Capital during its record-breaking £800 million launch.
Since then, Woodford Patient Capital has tended to be the second most-bought trust, despite its rocky start since its launch on 24 April. Over the last year to 3 August it shed 22.3 per cent. In addition, the trust's large share price premium to net asset value (NAV) has eroded over the year.
BlackRock World Mining - also a Money Observer Rated Fund - leapt three spots to fourth position in July.
It has been one of the best-performing Money Observer Rated Funds in the first half of 2016, thanks to the fact that 23 per cent of its portfolio is in gold - viewed as a safe haven in turbulent times.
It has, however, been a painful couple of years for gold investors. Over five years BlackRock World Mining is still down 50 per cent. This is why advisers recommend that investors limit their exposure to specialist gold funds to a small part of a diversified portfolio.
Another specialist fund, Money Observer Rated Fund Biotech Growth Trust went up four places to be the fifth most-bought trust in July, on the back of the typically volatile biotechnology sector starting to turn a corner from last year's troubles.
RIT Capital was the eighth most-bought trust in July. The 55-year-old investment trust of financier Jacob Rothschild is focused on wealth preservation and it has a cautious multi-asset approach.
It invests in a very wide range of assets, including quoted equities, private investments, absolute return and credit, real assets, currency, and liquidity and borrowings.
Foreign & Colonial, the UK's oldest investment trust, is a new entry, taking ninth spot. In 2014 Jeremy Tigue, who had managed the trust for over 17 years, stepped down and the board appointed F&C's head of multi asset, Paul Niven, as his successor.
Over the past year the trust, which invests in quoted and unquoted (private equity) companies, has returned 9.8 over the past year, ahead of the average global trust return of 7.8 per cent.
|Rank||Fund||AIC sector||Change since June||1m SP return to 3 Aug (%)||3yr SP return to 3 Aug (%)|
|2||Woodford Patient Capital||UK all companies||--||7.2||n/a|
|3||City of London||UK equity income||--||3.4||19.2|
|4||BlackRock World Mining||Commodities & natural resources||+3||6.3||-25.6|
|5||Biotech Growth||Biotechnology & healthcare||+4||15.3||70.2|
|6||Finsbury Growth & Income||UK equity income||-2||4.1||36.4|
|8||RIT Capital Partners||Flexible investment||+5||3.6||45.8|
|9||Foreign & Colonial||Global||New entry||4.5||35.8|
|10||F&C Global Smaller Companies||Global||+6||3.9||32|
|*denotes Money Observer Rated Fund|