The Association of Investment Companies (AIC) has published a list of the 20 most viewed investment trusts on its website theaic.co.uk during 2025.
Income is the dominant theme. Half (ten) of the 20 most viewed investment trusts are AIC dividend heroes, having increased their dividends for at least 20 years in a row. Four more trusts belong to the next generation of dividend heroes that have increased dividends for at least ten years but less than 20.
Ten of the 20 most viewed trusts are from the equity income sectors. Five of these are focused on UK equity income, including the most viewed trust City of London Investment Trust, four on global equity income and one on Asia Pacific equity income. There are also two high yielding trusts from the infrastructure sectors and one debt trust. The average yield of the 20 most viewed trusts is 4.2%, compared to 3.2% for the average investment trust.
The Global sector accounts for five trusts on the list, there is one Europe trust, and one from the Commodities & Natural Resources sector.
Top 20 most viewed investment trusts on theaic.co.uk in 2025
| 2025 rank | 2024 rank | Trust name | AIC sector | Share price total return % | Yield % | ||
| 1 yr | 5 yrs | 10 yrs | |||||
| 1 ↑ | 2 | City of London Investment Trust | UK Equity Income | 28.1 | 81.6 | 117.6 | 3.9 |
| 2 ↓ | 1 | JPMorgan Global Growth & Income | Global Equity Income | 2.9 | 79.4 | 288.0 | 4.0 |
| 3 ↑ | 6 | F&C Investment Trust | Global | 14.6 | 71.5 | 228.3 | 1.2 |
| 4 = | 4 | Scottish Mortgage Investment Trust | Global | 24.7 | -0.1 | 351.2 | 0.4 |
| 5 = | 5 | Murray International Trust | Global Equity Income | 36.0 | 85.8 | 219.3 | 3.6 |
| 6 ↑ | 8 | Merchants Trust | UK Equity Income | 14.0 | 72.9 | 136.7 | 4.7 |
| 7 ↓ | 3 | Alliance Witan | Global | 5.4 | 58.9 | 205.3 | 2.1 |
| 8 ↑ | 11 | Law Debenture Corporation | UK Equity Income | 22.3 | 85.0 | 212.4 | 3.0 |
| 9 ↑ | – | Invesco Global Equity Income Trust | Global Equity Income | 28.0 | 112.1 | 228.7 | 3.6 |
| 10 ↑ | 13 | Henderson Far East Income | Asia Pacific Equity Income | 16.3 | 18.0 | 81.6 | 9.8 |
| 11 ↓ | 7 | Scottish American | Global Equity Income | 6.7 | 27.7 | 165.4 | 2.8 |
| 12 ↓ | 10 | Bankers Investment Trust | Global | 18.5 | 35.1 | 166.1 | 2.1 |
| 13 ↑ | 17 | Murray Income Trust | UK Equity Income | 16.9 | 35.7 | 110.4 | 4.3 |
| 14 ↓ | 12 | Greencoat UK Wind | Renewable Energy Infrastructure | -15.7 | 1.9 | 65.2 | 10.8 |
| 15 ↑ | – | Temple Bar Investment Trust | UK Equity Income | 45.3 | 142.1 | 169.7 | 3.9 |
| 16 ↓ | 9 | Brunner Investment Trust | Global | -1.0 | 83.5 | 235.4 | 1.7 |
| 17 ↑ | – | JPMorgan European Growth & Income | Europe | 47.4 | 128.7 | 207.3 | 3.3 |
| 18 ↑ | – | TwentyFour Income Fund | Debt – Structured Finance | 16.0 | 63.0 | 106.5 | 9.8 |
| 19 ↑ | – | International Public Partnerships | Infrastructure | 11.0 | -2.3 | 49.4 | 6.9 |
| 20 ↓ | 15 | BlackRock World Mining Trust | Commodities & Natural Resources | 74.2 | 101.8 | 685.9 | 2.3 |
Source: theaic.co.uk / Morningstar (share price total return to 31/12/25, yields as at 23/01/26). Performance data in base currency. In the 2024 column a hyphen (-) denotes a new entrant to the top 20 most viewed trusts in 2025. Companies are ranked by number of visits in the calendar year 2025.
Top five investment trusts
City of London Investment Trust from the UK Equity Income sector was the most viewed investment trust. With more than £2.8 billion of total assets, it delivered a share price total return of 28.1% in 2025 and yields 3.9%. Managed by Job Curtis, the trust invests in UK equities and is an AIC dividend hero. It has increased its dividend every year for the last 59 years – the longest track record of any investment trust.
JPMorgan Global Growth & Income from the Global Equity Income sector was the second most viewed investment trust in 2025. It has total assets of £3.5 billion, delivered a share price total return of 2.9% in 2025 and yields 4.0%. The trust is managed by Helge Skibeli, James Cook and Sam Witherow.
F&C Investment Trust was the third most viewed trust. It is the oldest investment trust, having been launched nearly 158 years ago, in 1868. The trust is an AIC dividend hero and has consistently increased its dividend for the last 54 years. It has total assets of £6.8 billion and is a FTSE 100 company. It delivered a return of 14.6% in 2025 and yields 1.2%.
Scottish Mortgage Investment Trust and Murray International Trust complete the top five, returning 24.7% and 36.0% respectively over the last 12 months and yielding 0.4% and 3.6%.
New entrants
There are five new entrants to the top 20 list. Invesco Global Equity Income Trust is the highest-ranked new entrant in 9th place. The other new entrants are Temple Bar Investment Trust (15th), JPMorgan European Growth & Income (17th), TwentyFour Income Fund (18th) and International Public Partnerships (19th).
Annabel Brodie-Smith, Communications Director of the Association of Investment Companies (AIC), said: “As interest rates come down it’s no surprise that investors are seeking investment trusts with long track records of dividend growth to meet their income needs. Although dividends are never guaranteed, one of the many benefits of investment trusts is their ability to pay dividend income to investors even during tough times.
“The AIC’s website provides lots of helpful information on investment trusts, from performance and portfolio holdings to discount data, making it easy for investors to do their research on trusts they own or might like to buy. Investors can also grab the latest factsheet or annual report from our website, rather than sifting through multiple web pages to find it.”
