Important information - the value of investments and the income from them can go down as well as up, so you may get back less than you invest.

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.

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.

Share this article

Latest articles

How to pay for school fees in 2030

Our guide to school fees planning


Emma Simon

Emma Simon

Investment writer

Watch - Week in the markets - 23 June 2025

Markets weigh up Iran’s response to US bombing


Tom Stevenson

Tom Stevenson

Fidelity International

Investors focus on the Middle East - the week ahead

What’s driving your investments this week?


Tom Stevenson

Tom Stevenson

Fidelity International