November's 10 most-bought trusts

Scottish Mortgage was the most-bought fund on the Interactive Investor platform in November, as the global generalist continues to deliver strong returns for shareholders.

One of our sister magazine Money Observer's prestigious Rated Funds, it has delivered the second-best share price return of any global investment trust over three, five and 10 years, as its focus on fast-growing technology companies continues to pay dividends.

The newly launched Woodford Patient Capital was the second most-bought trust last month, despite shedding 1.1% in share price terms thanks to underperformance from a number of its biotechnology holdings.

They included US firm Northwest Biotherapeutics, in which manager Neil Woodford has a 28% stake and which has recently been accused of poor governance and financial impropriety. These allegations have led to a 20% slide in the firm's share price in the month to 8 December.

Risers and fallers

Falling one place to third-most-bought trust was Money Observer Rated Fund Finsbury Growth and Income.

Managed by star manager Nick Train since 2000, the trust has a strong long-term performance record, and its share price to net asset value discount is constantly maintained at around 0%, making it less volatile than a number of its peers.

Global trust Witan - another Money Observer Rated Fund - climbed two places to fifth, as performance continues to improve under the leadership of chief executive Andrew Bell.

BlackRock World Mining held its place as sixth-most-bought trust, despite steep and mounting losses due to falling commodity prices, while City of London, UK equity income stalwart and another Money Observer Rated Fund, fell two places to seventh.

Fidelity China Special Situations was the eighth-most-bought trust, as manager Dale Nicholls continues to steer the trust successfully through troubled markets. Neil Woodford's former charge Edinburgh Investment Trust was the ninth-most-bought.

Finally, JPMorgan Mid Cap made a new entry to the table as manager Georgina Brittain led the trust to the top of its sector.

Over one, three and five years to 30 November, JPMorgan Mid Cap has delivered the best share price returns of any trust in the UK all companies sector, typically outperforming the sector average by more than 100%.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.