10 Most Popular Investment Trusts in Q2

A common theme of the most frequently viewed investment trusts in the last quarter was depth of expertise among the management

Jackie Beard, FCSI 24 July, 2013 | 9:50AM
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A common theme of the most frequently viewed investment trusts in the last quarter was depth of expertise among the management. It’s also interesting to note that the list of funds is little changed from the first quarter of the year, showing investment trust investors are favouring those names where there is familiarity of manager and style. For example, Edinburgh Investment Trust is run by Neil Woodford, Jupiter European Opportunities by Alexander Darwell, and Scottish Oriental by Angus Tulloch and his team at First State, to name just three. These are all managers who are rated highly by Morningstar analysts at their open-end funds and whose track records encompass a variety of market conditions.

The majority of the top-10 funds pay a decent yield to their shareholders and make good use of the revenue reserve account—a key attraction of the investment trust structure. There has also been a fair degree of interest in trusts that focus on small-cap stocks—another benefit of the structure as it allows managers to dip down the market-cap scale and buy less-liquid stocks, without fear of redemption orders.

The list represents a mix of regions, showing investors are looking globally for opportunities. With the exception of Scottish Mortgage, all trusts have been trading at a premium to their net asset value recently and some have been issuing new shares.

10 Most Searched for Investment Trusts in Q2

Aberdeen Asian Smaller Companies Investment Trust (AAS)
Rated Gold by Morningstar analysts

The City of London Investment Trust (CTY)
Rated Gold by Morningstar analysts

Murray International Trust (MYI)
Rated Gold by Morningstar analysts

Edinburgh Investment Trust (EDIN)
Rated Gold by Morningstar analysts

Scottish Mortgage Investment Trust (SMT)
Rated Gold by Morningstar analysts

Finsbury Growth & Income Trust (FGT)
Rated Gold by Morningstar analysts

Perpetual Income and Growth Investment Trust (PLI)
Rated Gold by Morningstar analysts

Personal Assets Trust (PNL)
Rated Gold by Morningstar analysts

Jupiter European Opportunities Trust (JEO)
Rated Gold by Morningstar analysts

Scottish Oriental Smaller Companies Trust (SST)
Rated Bronze by Morningstar analysts

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
abrdn Asia Focus plc280.00 GBX-0.71Rating
City of London Ord426.00 GBX0.71Rating
Edinburgh Investment Ord730.00 GBX0.41Rating
European Opportunities Trust823.00 GBX-0.48Rating
Finsbury Growth & Income Ord851.00 GBX0.35Rating
Murray International Ord250.50 GBX0.20Rating
Personal Assets Ord492.50 GBX-0.10Rating
Scottish Mortgage Ord875.01 GBX0.18Rating
Scottish Oriental Smaller Cos Ord1,450.00 GBX-0.34Rating

About Author

Jackie Beard, FCSI

Jackie Beard, FCSI  is Director of Manager Research Services, Morningstar EMEA

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