NextEnergy Solar Fund has re-entered the trading platform interactive investor’s top ten Investment Trusts buys for October in 6th spot.
The list represents the most bought trusts by users of the interactive investor platform during October.
The solar-focused Investment Trust was last in interactive investor’s top ten Investment Trust buys in August and has once again entered the rankings with a number of other high-yielding trusts.
The NextEnergy Solar Fund has a 10% dividend supported by reliable cash flows from extensive solar operations across the UK. Other high-yield trusts in the list include the Supermarket Income REIT (8.7% yield) and BlackRock World Mining Trust (6.2% yield).
MOST BOUGHT INVESTMENTS ON INTERACTIVE INVESTOR (ii) IN OCTOBER 2024
| Rank | Investment Trust |
| 1 | Greencoat UK Wind |
| 2 | City of London |
| 3 | Scottish Mortgage |
| 4 | JP Morgan Global Growth & Income |
| 5 | Alliance Witan |
| 6 | NextEnergy Solar Fund |
| 7 | Supermarket Income REIT |
| 8 | F&C Investment Trust |
| 9 | 3i Group |
| 10 | BlackRock World Mining |
Higher-yielding trusts enter ii’s top ten trust buys at the expense of technology-focused portfolios as investors lean towards ‘safer’ trusts ahead of the US election.
“Allianz Technology has now joined Polar Capital Technology in dropping out of our top 10 most-bought investment trusts’ list. It shows how some investors are becoming slightly more cautious on the technology sector and are looking to cast their nets wider to take advantage of other opportunities,” said Kyle Caldwell, Funds and Investment Education Editor at interactive investor.