We look at the investments ii customers have been buying within their ISAs during the previous week
Growth fund Scottish Mortgage Ord SMT
has topped our table for the first time in 12 months, with a handful of other specialist investment trusts also breaking into the top 10 list.
The flagship Baillie Gifford trust has enjoyed some strong performance as markets have rallied in recent weeks, while its chunky allocation to SpaceX could also be attracting investors.
The fund might have drawn some attention thanks to concerns that the board of Baillie Gifford stablemate Edinburgh Worldwide Ord EWI
another trust with a big SpaceX position, risks getting overthrown by US activist Saba Capital in a vote due at the end of this month.
We see a few other specialist trusts enter this week’s list. Greencoat UK Wind UKW
the battered renewables play that last week announced plans for a continuation vote triggered by its wide share price discount to net asset value, returns to the table. So does Polar Capital Technology Ord PCT and “space tech” name Seraphim Space Investment Trust Ord SSIT
The latter last week mooted the idea of capitalising on its strong returns by issuing a C share class. Such fundraising would enable the trust to invest more money in its subsector, while also potentially improving liquidity in its shares.
Meanwhile, the Royal London Short Term Money Market Y Acc remains popular but drops to second place for the first time since February. Value fund Artemis Global Income I Acc drifts up to third. Investors also continue to back tracker funds, with four such names in this week’s table.
Funds and trusts section written by Dave Baxter, senior fund content specialist at ii.
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