Moneywise First 50 Funds - investment trusts

You might feel that investment trusts are not for you, as they are traded like stocks and shares on the London Stock Exchange, and therefore their prices can go up and down depending on investor sentiment.

See our 50 first funds for beginners homepage for links to the other funds in the list.

However, many investors love investment trusts for their tendency to perform better than actively managed open-ended funds. Here are a few to consider buying and stashing away for the long term.

Investment trusts are identified by their TIDM (which stands for Tradeable Instrument Display Mnemonics), a short, unique code, used to identify UK-listed shares. We've also included the annual ongoing charges figure (OCF) for each trust. 

UK stock market income

City of London Investment Trust (CTY)
A core holding for investors looking for long-term growth in income and capital from UK shares. Very low charges and a lower-risk, cautious investment style. Read full profile.
OCF: 0.42%


Finsbury Growth and Income (FGT)
Its aim is to provide income and growth by investing primarily in UK-listed companies. Manager Nick Train’s long-term patience and deep understanding of his companies set him apart from his peers. Read full profile.
OCF: 0.78%

UK stock market growth

Henderson Smaller Companies (HSL)
Seeking to maximise shareholder total returns by investing mainly in UK smaller companies, its manager Neil Hermon has built up an impressive record of capital growth and dividend increases. Read full profile.
OCF: 0.47%

Global stock market growth

Scottish Mortgage (SMT)
Aims to maximise total return, while also generating real dividend growth, from a focused and actively managed global portfolio, with a focus on the theme of technological change. In March 2017 it was promoted to become a member of the FTSE 100 indexRead full profile.
OCF: 0.48%

F&C Global Smaller Companies (FCS)
Aims for a high total return by investing in smaller companies worldwide. The dividend has risen in each of the past 45 years. Read full profile.
OCF: 0.54%

Witan Investment Trust (WTAN)
A good core portfolio holding, it invests in global equities and is managed via a multi-manager strategy, which means it invests in other funds. Read full profile.
OCF: 0.79%

Jupiter European Opportunities (JEO)
Fund manager Alexander Darwall has proved to be an exceptional stock-picker. He invests in a focused portfolio of around 40 stocks and favours high-quality European businesses. Read full profile.
OCF: 1.09%

Global stock market income

Murray International (MYI)
Its goal is to achieve income and capital growth through investments predominantly in worldwide equities. Fund manager Bruce Stout is a ‘contrarian’ investor (he takes the opposite view to other investors). Read full profile.
OCF: 0.75%

F&C Managed Portfolio Income (FMPI)
Generating income from a diversified portfolio of investment trusts and investment companies, it offers a good way to test the water in this sector. Read full profile.
OCF: 1.16%


F&C Commercial Property Trust (FCPT)
Investing in a diversified UK commercial property portfolio, it aims to provide an attractive level of income together with the potential for capital and income growth. Read full profile.
OCF: 0.89%

Published: 14 July 2016
Last updated: 19 June 2017

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