The 10 best performing shares in the investment trust universe would have all more than doubled an i...
The 10 best performing shares in the investment trust universe would have all more than doubled an investor's capital over the past three years but, with two exceptions, would have lost money over a one year period.
Two that have gained over the one year period to 1 December are Aberdeen Asian Smaller companies, which would have turned a £1,000 investment into £1,006.79 while Fidelity Special Values would have returned £1,181.68.
The 10 bottom trusts based on three year figures on the other hand, would have all seen an investor's money halve over the three year period and, with only one exception, more than halve over one year.
In that top 10, it is Finsbury Worldwide Pharmaceuticals which is the top performing investment trust over the three years to that date.
According to Standard & Poor's figures, a £1,000 investment three years ago would now be worth £3,697.25, although that same investment over one year would have fallen to £960.
The worst performing trust over three years, Geared Income Ord, would have turned a £1,000 investment into £125.78 over the three years to 1 December and £3176.16 over one year.
Out of the bottom 10 over three years, the best returns, achieved by Invesco Techmark Enterprise, would have been £560, while over one year the best of the bottom 10, M&G High Income, would have returned £620.
Although the figures look poor for the one year and three year performances of the bottom 10, over the past month they have seen an uplift compared to the top 10 three year performers. Over the month of November, the best of the bottom 10 would have seen growth of £450 from an original £1,000 investment, while the best returns of the top 10 trusts would have provided growth of just £146.
FCA consultation response
MoneyLens to be edited by former Mail on Sunday journalist Vicki Owen