Alliance Trust reveals top investment trust choices
Alliance Trust Savings, a leading UK investment services provider, has published the results of its third quarter ‘Alliance Trust ISA Ranking’ for 2007.The Alliance Trust ISA Ranking lists the most popular investment trusts that private investors have chosen for their ISA through Alliance Trust Savings, which excludes investments in Alliance Trust PLC due to its disproportionate amount of holdings. The latest ranking shows investors’ new top pick is Law Debenture Corporation, which has climbed to the top for the first time, having been eighth in the first quarter and second in quarter two. In second place is RIT Capital Partners, which moves up three places from fifth slot in the previous quarter. The highest placed new arrival in the third quarter is Witan Investment Trust placed sixth, after dropping out of the top 20 in the second quarter.
Claudia Philips, Managing Director of Investment Dealing at Alliance Trust, said, “Our quarterly investment trust ISA ranking gives us a valuable insight into our customers’ investment habits. This quarter we have seen a few old favourites slipping out of the top twenty with some new choices appearing for the first time. There has been above average movement this quarter with seven new entries or re-entries, highlighting investors’ willingness to switch investments in reaction to changing market conditions or their personal circumstances. There is a wide range of trusts available in our ISA investment dealing service allowing investors to create a diversified portfolio to suit their own needs.”
Alliance Trust ISA Ranking
Q3 2007 - Change compared to Q2 2007
Law Debenture Corporation - Up 1
RIT Capital Partners - Up 3
British Empire Securities & General Trust - Unchanged
Temple Bar Investment Trust - Unchanged
Scottish Mortgage Investment Trust - Up 2
Witan Investment Trust - NEW
Lowland Investment Company - Down 6
Merchants Trust PLC - Up 1
Personal Assets Trust - New
City of London Investment Trust - Down 2
Independent Investment Trust - New
Bankers Investment Trust - New
Edinburgh Investment Trust - Up 5
Caledonia Investments PLC - Down 3
Shires Income PLC - New
Templeton Emerging Markets Investment Trust - Unchanged
Jupiter Green Investment Trust -New
Jupiter Primadona Growth Trust -Down 3
SVM Global Fund PLC - Down 5
Merrill Lynch World Mining Trust - New
There are seven new entrants among this quarter’s top 20 that did not appear in the ranking in the previous quarter. These include Witan Investment Trust (number 6); and Bankers Investment Trust (number 12). The remaining five of Personal Assets Trust (number 9); Independent Investment Trust (number 11); Shires Income PLC (number 15); Jupiter Green Investment Trust (number 17).and Merrill Lynch World Mining Trust (number 20) have made it into the top 20 for the first time in 2007.
Charles Cade, Head of Investment Trust Research at WINS said, “Net ISA sales through Alliance Trust during the third quarter of 2007 show that the most popular fund was Law Debenture, the Global Growth fund whose investment portfolio is managed by James Henderson of Henderson Global Investors. However, Lowland, the UK Growth & Income trust which shares the same fund manager, slipped down the rankings to seventh from second in the previous quarter.
“As usual, RIT Capital Partners and British Empire Securities are amongst the best-sellers, although Caledonia Investments is now further down the list. Witan also features on the list of best sellers this quarter, although Foreign & Colonial IT is still a notable absentee, while the weakness in the property market means that TR Property is no longer among the top 20 best sellers. New entries this quarter include two sector specialist funds, Merrill Lynch World Mining and Jupiter Global Green, reflecting strong interest in Mining and Environmental themes.”
Customers in the Alliance Trust Select ISA can pick from more than 1,500 investment choices including hundreds of investment trusts, as well as equities, gilts and other fixed income investments.