The most popular investment trusts used by Hargreaves Lansdown clients in 2019 have been revealed.
The list of the ten most bought trusts was released in alphabetical order, and includes the £7.8bn Scottish Mortgage investment trust, which is the largest trust on the UK market.
The £1.5bn Finsbury Growth and Income trust, which has returned 12 per cent over the past year, and the £1.6bn City of London investment trust, which has increased its dividend for each of the past 51 years, were also among the most bought.
A sign of caution among retail investors was the inclusion of the £1.6bn Murray International investment trust as the trust’s manager Bruce Stout, has been scathing about the outlook for global equities, accusing investors who are bullish of displaying "cognitive dissonance".
A new entrant to the list was Smithson, the global midcap investment trust launched by Terry Smith in 2018. At launch it raised more than £800m, a record for a UK trust.
Since its launch in October, the trust has returned 11 per cent, compared with 2 per cent for the average trust in the AIC Global sector.
Mr Smith is chief investment officer for the trust, rather than fund manager.
The most popular trusts with Hargreaves Lansdown clients this year to date are: