Top 10 best-selling investment trusts in September

The upper reaches of the investment trust best-sellers’ list for September are full of familiar names such as Fidelity China Special Situations and Scottish Mortgage, but further down there are some less frequent visitors to the top 10.

Fidelity China Special Situations held on to the number one spot last month, while Scottish Mortgage climbed back to second position from fourth in August. Fidelity Special Values slipped by one place to third and Polar Capital Technology rose to fourth, from fifth the previous month. Two other trusts to feature regularly on the top 10 list, City of London and JPMorgan Global Growth & Income, came next; they were placed third and sixth respectively in August.

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But here is where things start to get more interesting. In seventh place last month we saw the return of the TwentyFour Income Fund, which had been absent from the top 10 since March. The trust invests in specialised corners of the fixed-income market and will appeal to income investors thanks to its 10.2% yield. Please note this is not guaranteed. That appeal will only increase if interest rates continue to fall and the trust’s return to the best-sellers’ list may have been prompted by the Bank of England’s rate cut in August.

Normally a double-digit yield would ring alarm bells and indeed there has been some volatility in the trust’s dividend over the past decade, but the reductions have been slight and the trust’s managers have long experience in their specialised area of expertise.

In eighth place we find another top 10 stalwart, the Allianz Technology Trust, up from 10th spot in August. In a recent article we compared it with Scottish Mortgage and Polar Capital Tech, which also both featured in September’s best-sellers’ table.

In the final two places of the list are two trusts that make their first appearance this year: Temple Bar in ninth position and Murray International at 10th. Both offer reasonable dividend yields – 4.3% and 3.9% respectively – and their appearance in the table may, as with TwentyFour Income, be down to that.

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

1. Fidelity China Special Situations
2. Scottish Mortgage
3. Fidelity Special Values
4. Polar Capital Technology
5. City of London
6. JPMorgan Global Growth & Income
7. TwentyFour Income Fund
8. Allianz Technology
9. Temple Bar
10. Murray International

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

• Read: How does Scottish Mortgage stack up against its rivals?
• Read: Top 10 best-selling ISA and SIPP funds this year
• Read: 6 ‘Steady Eddies’ for a stress-free retirement

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.