Top five Investment Trusts bought last month.

Top five most bought investment trusts in June

Moving onto investment trusts, June’s most-purchased trusts mainly saw more of the same, though we did have one intriguing new entry:

Source: AJ Bell, Bestinvest and interactive investor

What do you meme?

The most interesting addition to this week’s investment trust list is Tiger Royalties (TIR), which has featured on Kepler Trust Intelligence just once before. TIR combines a portfolio of small-cap mining companies such as African Pioneer and Galileo Resources, with a recent move into cryptocurrencies and artificial intelligence.

TIR recently acquired Bixby Technology, which itself aims to invest in technology enterprises, for £325,000. Bixby’s first purchase was AROK, which allows people to invest in so-called utility meme coins, which TIR says are a type of crypto asset built to represent the live fiscal value of a social movement. It then invested in TAO Strategies Singapore, which operates on the Bittensor blockchain network.

Shares have been on a rollercoaster ride in the past month, rising initially c. 450%, but falling by c. 50% since.

We’ll very quickly run through the top four, as they’re long-time favourites. Scottish Mortgage (SMT) continues to be in vogue, as it benefits from US growth stocks’ recovery post-Liberation Day.

Dividend hero City of London (CTY); and core, global equity income option JPMorgan Global Growth & Income (JGGI) rode high on the equity side, too.

Elsewhere, a renaissance in the renewables sector has kept wind farm owner Greencoat UK Wind (UKW) in demand. Shares have risen c. 20% since April – almost as much as some US tech stocks – to trade at a five-month high.