What investment trusts did investors buy in April?

Scottish Mortgage, which owns stakes in many technology companies, retained its long-standing position as the most popular investment trust among Fidelity clients in April but was joined in the top 10 by Allianz Technology Trust, perhaps as investors sought to ‘buy the dips’ following last month’s heavy sell-off on Wall Street prompted by America’s new tariffs. International Public Partnerships, another regular name among the top 10, was joined by a second infrastructure trust, GCP Infrastructure Investments.

Allianz Technology reappeared in our table of best-sellers in third position after an absence in March. In second place was Fidelity China Special Situations, which was the third most popular trust in March. International Public Partnerships was unmoved in fourth position.

City of London, which invests largely in British stocks and has a record of annual dividend increases that stretches back for more than half a century, climbed from seventh position to fifth, while JPMorgan Global Growth & Income moved up from 10th position to sixth. F&C, another global portfolio, slipped from fifth position in March to seventh place in April and Fidelity European Trust fell from second place to eighth.

Fidelity Special Values was unchanged in ninth position while GCP Infrastructure Investments was a new entry to the table in 10th position.

The two trusts to drop out of the table in April were Twentyfour Income Fund, which had been the sixth most popular among our customers the previous month, and Scottish American, eighth placed in March.  

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

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

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

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