Equity trusts dominate platform most bought lists despite recent alternatives issuance
The most bought lists across AJ Bell, interactive investor and Fidelity’s consistently include well-known names that have amassed a sizable following among retail investors over many years.
According to data from Numis, the most bought lists across AJ Bell, interactive investor and Fidelity's platforms consistently include well-known names that have amassed a sizable following among retail investors over many years, such as Scottish Mortgage, City of London and F&C.
Other popular trusts across all platforms this year have been BlackRock World Mining, Alliance Trust, Fidelity European and Merchants. After a series of mergers, JPMorgan Global Growth & Income is also becoming a more frequent presence high in the rankings.
When it comes to trusts focused on alternative assets, which represent 75% of new issuance over the last decade, retail investors typically paid more attention to equity strategies like BlackRock World Mining and TR Property, as well as technology and defensive multi-asset investment trusts.
Scottish Mortgage suffers Global sector's biggest discount widening in H1
Top ten most bought lists have had sporadic entries from private equity trusts, such as 3i Group or HgCapital, as well as Pershing Square, but renewable energy trusts, particularly Greencoat UK Wind and The Renewables Infrastructure Group (TRIG), feature regularly.
In August, the top ten most bought lists across Fidelity, AJ Bell and interactive investor featured what Numis described as the «usual suspects» — Scottish Mortgage, City of London and F&C IT — with JPM Global G&I cementing its place amongst the most popular across platforms.
Investors also appeared to be recognising value in the renewable energy sector, as evidenced by the rise
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