Investment Trust Ratings 2024: Who’s in and who’s out?

Following on from Kepler’s recent announcement of their 2024 Investment Trust ratings, DIY Investor thought it would be helpful to provide readers with a list of new entrants, as well as those no longer on the list – by Richard Latter

 
As a brief reminder, Keplers’s ratings “…seek to reward closed-ended funds which deliver attractive and persistent performance characteristics in three categories which we think match up to broad goals investors usually have: long-term growth, income and growth, and high current income.”.

For more information on the rationale we recommend that you read Thomas McMahon’s excellent commentary that provides more detail in their choosing of the new 2024 rated trusts here >

As last year, the list is divided into three areas: growth, growth and income and alternative income and now comprises 54 trusts. The full list of the 2024 Investment Trusts can be found here >

We’ve added links to the individual trust websites if you wish to look at any in more detail.
 

Growth

Removed:

1. Scottish American – Scottish American Investment Company (SAINTS) | Individual Investors | Baillie Gifford
2. abrdn Asia Focus – Home (asia-focus.co.uk) 
3. JPMorgan UK Smaller Companies – JPMorgan UK Smaller Companies Investment Trust plc | J.P. Morgan Asset Management 
4. Fidelity Asian Values – Fidelity Asian Values PLC | Investment Trust 
5. BlackRock Throgmorton – BlackRock Throgmorton Trust plc – THRG | BlackRock 
6. Montanaro European Smaller Companies – Montanaro European Smaller Companies Trust – Montanaro 
7. Finsbury Growth and Income – Finsbury Growth & Income Trust PLC (finsburygt.com) 
8. Lindsell Train – The Lindsell Train Investment Trust plc | Lindsell Train 
9. Fidelity China Special Situations – Fidelity China Special Situations PLC | Investment Trust 

New for 2024:

1. Ashoka India Equity Income – ASHOKA INDIA EQUITY INVESTMENT TRUST PLC – Ashoka India Equity Investment Trust plc is a high conviction long-only equity investment trust. 
2. Canadian General Investments – Canadian General Investments | Morgan Meighen & Associates (mmainvestments.com) 
3. Henderson Eurotrust – Henderson EuroTrust plc – Janus Henderson Investors 
4. Invesco Select Global Equity Income – Invesco Select Trust plc Global Equity Income Share Portfolio | Invesco UK 
5. Dunedin Income and Growth – Grow Your Income and Capital | Dunedin Income Growth Investment Trust 
6. CQS Natural Resources Growth and Income – NCIM – City Natural Resources High Yield Trust – Fund Page 
7. Murray Income – Investment Trust in UK | Murray Income Trust (murray-income.co.uk) 
8. BlackRock Frontiers - BlackRock Frontiers Investment Trust plc – BRFI | BlackRock 
9. JPMorgan Global Emerging Markets Income – JPMorgan Global Emerging Markets Income Trust plc | J.P. Morgan Asset Management 
10. RIT Capital Partners – RIT Capital Partners plc | 
11. Merchants – The Merchants Trust PLC 

Growth and Income

Removed:

1. Henderson Eurotrust – Henderson EuroTrust plc – Janus Henderson Investors 
2. JPMorgan Emerging Markets – JPMorgan Emerging Markets Investment Trust plc | J.P. Morgan Asset Management 
3. City of London – The City of London Investment Trust plc – Janus Henderson Investors 
4. International Biotechnology – International Biotechnology Trust plc – IBT (schroders.com)
5. Invesco Perpetual UK Smaller Companies – Invesco Perpetual UK Smaller Companies Investment Trust plc | Invesco UK 
6. Diverse Income Trust – The Diverse Income Trust plc – Premier Miton Investors 

New for 2024:

1. Lindsell Train – The Lindsell Train Investment Trust plc | Lindsell Train  
2. Montanaro UK Smaller Companies – Montanaro UK Smaller Companies Investment Trust – Montanaro 
3. Henderson Opportunities – Henderson Opportunities Trust plc – Janus Henderson Investors 
4. Fidelity China Special Situations – Fidelity China Special Situations PLC | Investment Trust
5. Schroder Oriental Income – Schroder Oriental Income Fund Limited – SOI (schroders.com)
6. Fidelity Special Values – Fidelity Special Values PLC (UK) | Investment Trusts 

Alternative Income

Removed:

1. EJF Investments – EJF Investments Ltd 

New for 2024:

1. Gresham House Energy Storage – Gresham House Energy Storage Fund plc | Gresham House 
2. CVC Income and Growth – CVC Income & Growth – Proven dynamic strategy to deliver cash yield & capital gains 
3. Gore Street Energy Storage Fund – Sustainability and Impact is part of our DNA | Gore Street Energy Storage Fund plc (gsenergystoragefund.com) 
4. Ecofin Global Utilities and Infrastructure – Ecofin Global Utilities and Infrastructure Trust plc | UK Investment Trusts (ecofininvest.com) 

 
 
See how Kepler’s Trust Ratings 2023 performed here >
 
See how Kepler’s analysts top picks performed in 2023 and what they fancy in 2024 here >