Polar Capital Technology was the best performing trust, while JPMorgan Global Growth & Income was the worst.

From Morningstar: 2025-07-03 08:23:00

In the second quarter of 2025, Polar Capital Technology was the best performing equity investment trust, with a 24.53% rise on a NAV basis. JPMorgan Global Growth & Income was the worst performer among the 10 trusts. All trusts saw net asset value and share price growth, with nine trading at a discount.

Polar Capital Technology and Mercantile were the top performers in Q2, with Nvidia showing the highest quarterly return of 46%. City of London was the only trust trading at a premium, while the rest were trading below NAV, with discounts of 10% or more.

Investment trusts are public companies trading on the London Stock Exchange. They allow exposure to illiquid assets and niche sectors, with the ability to use gearing for enhanced returns. Trusts trade in real time, making it easy to track their daily performance.

Performance of investment trusts can be calculated through real-time pricing of share prices or by looking at the net asset value (NAV). The difference between share price and NAV indicates whether a trust is favored by investors. Figures in the article are sourced from Morningstar Direct for accuracy and transparency.



Read more at Morningstar: How the Largest Equity Investment Trusts Performed