The best ISA investment funds November 2020 | moneyfacts.co.uk

Michelle Monck

Michelle Monck

Consumer Finance Expert
Published: 19/11/2020

The value of equities has rocketed to their highest levels since June as stock markets globally rose in value following the news of the Moderna vaccine announced this week. This follows a previous surge in the value of stocks and shares after the Pfizer vaccine announcement made last week.


Investors have had their confidence boosted by these announcements with increased interest in sectors hit hardest by the pandemic such as hospitality and travel.


This month’s review of the top performing ISA funds covers activity before these announcements were made. We have summarised below the top five performing ISA investment funds for a £1,000 investment over the past 12 months and five years.

Top ISA unit trust funds

Rank

Fund

Ranking last month

Value of £1,000 lump sum over one year

Value of £1,000 lump sum over five years

Investment platform

1

Baillie Gifford American A Account

1

£2002.01

£4,343.21

Interactive Investor

2

Baillie Gifford Global Discovery A Account

2

£1,598.18

£2,929.81

Interactive Investor

3

LF Ruffer Gold Account

3

£1,561.89

£3,564.03

Interactive Investor

4

Baillie Gifford Pacific A Account

7

£1,487.16

£2,601.16

Interactive Investor

5

Bank of New York Mellon Oriental GBP Inc

6

£1,450.24

£2,138.82

Interactive Investor

Source: Lipper/Moneyfacts
Note: The table above is ordered by the best performance 1 November 2020 over the past 12 months. Funds may be available on other platforms not listed, through a stockbroking service or financial adviser.

Two-unit trust ISA funds dropped out of the top five in November; the Premier Monthly Income Class C Income fund and the Baillie Gifford European A Account. Premier Monthly that entered the top five last month from outside the top 100 funds has now fallen back. The Baillie Gifford European A Account has dropped from position five to position seven in November.


The top three unit trust ISA funds remains the same in November, although the total value of a £1,000 investment over five years in each of these funds has reduced this month. Baillie Gifford is an investment management partnership and it continues to have the top two ISA unit trust funds; the American A Account and the Global Discovery A Account. They also have the fourth best ISA fund based on its 12-month returns, the Pacific A Account.


Both the American A Account and the Global Discovery A Account have their largest percentage of investments made in the US and a strong focus on the technology sector while the Pacific fund focuses on China and Asia. The returns generated on a £1,000 investment for 12-months up to November 2020 were £2,002.01 for the Baillie Gifford American A Account, £1,598.18 for the The Baillie Gifford Global Discovery A Account and £1,487.16 for the Baillie Gifford Pacific A Account.
The LF Ruffer Gold Account retained its place at number three this month as the third best for returns in the past 12-months.


The Bank of New York Mellon Oriental GBP Income ISA unit trust fund invests in a range of sectors with technology hardware and computer software accounting for nearly half the portfolio. This fund holds 20% of its investments in the United States and another 20% in India. It generated £1,450.24 based on a £1,000 investment made 12-months ago.


The unit trust funds delivering the best returns on a £1,000 investment over five years were:

  1. Baillie Gifford American A Account
  2. LF Ruffer Gold Account
  3. AXA Framlington Global Technology
  4. L&G Glogal Tech Index
  5. Ninety One Global Gold A Account G

 

 

Top ISA investment trust funds

Rank

Fund

Ranking last month

Value of £1,000 lump sum over one year

Value of £1,000 lump sum over five years

Investment platform

1

JP Morgan China

4

£2,038.25

£3,851.59

Interactive Investor

2

Pacific Horizon Investment Trust

3

£2,029.95

£3,620.83

Interactive Investor

3

Scottish Mortgage Investment

1

£1,977.54

£4,042.58

Interactive Investor

4

Biotech Growth Trust

2

£1,907.56

£2,045.05

Interactive Investor

5

Edinburgh Worldwide Investment Trust

5

£1,639.11

£3,281.96

Interactive Investor

Source: Lipper/Moneyfacts
Note: The table above is ordered by the best performance 1 November 2020 over the past 12 months. Funds may be available on other platforms not listed, through a stockbroking service or financial adviser.


The top five investment ISA trust funds in November 2020 have remained the same five as last month albeit the positions of each fund have changed. JP Morgan China is now the best performing ISA investment fund. It generated £2038.25 on a £1,000 investment over the past 12-months. This fund focusses on investments in China, such as listed companies on the Hong Kong stock exchange and unlisted companies in China, but it can also have up to 15% of its assets in UK-listed companies.


The Pacific Horizon Investment Trust has moved up form third place in October 2020 to the second best performing fund on November 2020. A £1,000 investment made 12-months into this fund would now be worth £2,029.95. This fund invests in Asia-Pacific (excluding Japan) and the Indian subcontinent.


The Scottish Mortgage Investment fund that had delivered the best 12-month returns in September and October has fallen to third place generating £1,977.54 over 12-months on a £1,000 investment.


The Biotech Growth Trust and Edinburgh Worldwide Investment Trust sit at fourth and fifth place respectively with each generating £1,907.56 and £1,639.11 from a £1,000 investment in the past 12-months.

The investment trust funds delivering the best returns on a £1,000 investment over five years were:

  1. Allianz Technology Trust Plc
  2. Scottish Mortgage Investment
  3. JP Morgan China
  4. Pacific Horizon Investment Trust
  5. Polar Capital Investment Trust

 

Should savers look for better returns on the stock market?

Savers struggling for decent returns due to the very low interest rates currently available may look to the stock market for better returns. While over the longer term investing in shares through a fund has previously outperformed returns in the cash savings market, there are no guarantees and savers money could be lost if their chosen fund doesn’t perform.


Those happy to accept some risk can look to invest in a stocks and shares ISAs either through an investment platform, such as Interactive Investor or directly with an ISA provider that manages the funds on their behalf. For example, BMO or Healthy Investment offer managed stocks and shares ISAs where their fund managers make the investment decisions on behalf of those depositing funds.
There is more information how to invest money in our investments guide. We also offer information about ethical investments, venture capital trusts and how to invest in property.
Those not sure if investing in the stock market is for them could also consider speaking with a financial adviser.

The value of investments can go up as well as down, and investors’ capital is at risk. Management fees have been included in this article, but other fees may apply. Investors should check all fees with their financial adviser, investment platform or provider before making any investment.

Disclaimer

Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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