Top 20 Investment Trusts
Top 20 Purchases – June 2013
|Templeton Emerging Markets Investment Trust||2||20|
|Finsbury Growth & Income Trust||3||4|
|Aberdeen Asian Investment Trust||4||12|
|RIT Capital Partners||5||10|
|BlackRock World Mining Trust||6||5|
|Scottish Mortgage Investment Trust||8||9|
|RCM Technology Trust||9||-|
|Personal Assets Trust||10||7|
|City Of London Investment Trust||12||8|
|Jupiter European Opportunities||13||-|
|Edinburgh Investment Trust||14||16|
|Temple Bar Investment Trust||15||17|
|Fidelity Special Values||16||-|
|Aberforth Smaller Companies Trust||17||-|
|Henderson Smaller Companies||18||13|
|Witan Investment Trust||20||2|
August is the month when by tradition the asset management community in London & Edinburgh elope to sunnier climes (despite our unusually hot summer in 2013). Investors however were busy mixing up the Alliance Trust Savings chart. If one were to generalise about the month the biggest theme was one of appetite for risk, the risers reflected investors increased mood for taking a wee bit more it with their savings.
Highest climber was the granddaddy of Emerging Market (EM) funds TEMIT or Templeton Emerging Markets investment trust. TEMIT might have been benefitting from the soft closing of the most popular open ended funds in the Aberdeen & First State Stewart stable. Aberdeen’s Asian investment trust was a strong performer too climbing to number four from last month’s twelve. It should be remembered that this is against a backdrop of an underperforming EM sector overall.
Highest new entry for the month was Law Debenture, this conservative beast not only has a very good track record, with a team of leading Henderson Global Investors managers such as James Henderson & Tim Stevenson but includes a Fiduciary business to boot.
The next highest new entry and reflective of the risk-on theme is RCM Technology trust at number nine. The Allianz trust managed by Walter Price out of San Francisco has had a very encouraging performance in 2013.
Other new entries for the month were Jupiter European at number thirteen, during a month when Europe outperformed every other developed market. Also, Fidelity Special Values is a new entry at 15, followed by small company trust Aberforth Smaller Companies. Pantheon International, the fund-of-funds private equity trust was the last new entry at 19.
There are still plenty of the more conservatively managed cautious trusts that have dominated the charts these past few years including, Finsbury Growth & Income at number three, Law Debenture, Personal Assets, & Neil Woodford’s Edinburgh investment trust.
Leaving us this month was TR Property which crashed from last month’s number three right out of the top 20. Also, Ruffer investment company, beloved by cautious investors departed from last month’s number six, whilst F&C Global Smaller Companies disappeared from number fourteen, as did Murray International, Baillie Gifford Japan and Perpetual Income & Growth.
The highest faller this month fell as far it could before departing the top 20, the mighty Witan investment trust went from two to twenty.
These figures do of course come from sales figures on the Alliance Trust Savings platform, a platform savings business owned by the Alliance Trust investment trust. The platform is one of the easiest ways to invest in investment trusts as well as being one of the most popular so the figures give a good indication of the popularity of individual trusts.
This list is based on the gross inflows in each stock by Alliance Trust Savings customers, via their i.nvest platform. It should be noted that investors on Alliance Trust i.nvest platform can purchase Alliance Trust share free of dealing charges. This may support Alliance Trust’s high ranking on the list.