Top 10 best-selling investment trusts in March

The fund choices of Fidelity’s ISA customers demonstrated increasing risk aversion in March and the same is true of our investment trust clients. More UK funds appeared among the 10 most popular trusts, while a bond fund appeared on the list for the first time this year. Meanwhile fewer global trusts – which tend to have large exposure to American stocks – appeared in the table.

The bond trust was the Twentyfour Income Fund, which appeared in the table in sixth position in March (strictly speaking the trust owns what it calls ‘less liquid, higher yielding asset-backed securities’ rather than bonds, although its assets are, like bonds, fixed-income investments).

The two UK trusts to appear in the top 10 were City of London in seventh place and Fidelity Special Values in ninth. Neither was in the table in February. Another listed fund that invests in Britain, Greencoat UK Wind, dropped off the list after an appearance in sixth position in February. 

Two regional trusts also made the best-sellers. Fidelity European was in second place, up from fourth the previous month, and Fidelity China Special Situations took the third spot; it was second in February. 

The remaining trusts were global funds. Scottish Mortgage kept the top spot, International Public Partnerships slipped one place to fourth, F&C rose two positions to fifth and JPMorgan Global Growth & Income fell to 10th place from fifth previously. The final trust was a new entrant to the table, Scottish American. 

Top 10 best-selling investment trusts on Fidelity Personal Investing in March 2025

1. Scottish Mortgage
2. Fidelity European
3. Fidelity China Special Situations
4. International Public Partnerships
5. F&C
6. Twentyfour Income
7. City of London
8. Scottish American
9. Fidelity Special Values
10. JPMorgan Global Growth & Income

Source: Fidelity International. Gross investment trust sales in March 2025 for Personal Investors only.

Important information - investors should note that the views expressed may no longer be current and may have already been acted upon. Before investing, please read the relevant key information document which contains important information about each investment trust. The shares in these investment trusts are listed on the London Stock Exchange and their price is affected by supply and demand. Investment trusts can gain additional exposure to the market, known as gearing, potentially increasing volatility. Overseas investments will be affected by movements in currency exchange rates. Investments in emerging markets can be more volatile than other more developed markets. Reference to specific securities should not be construed as a recommendation to buy or sell these securities and is included for the purposes of illustration only. Eligibility to invest in an ISA and tax treatment depends on personal circumstances and all tax rules may change in the future. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.