Discover the London listed investment funds market

The London listed investment fund market is more than 150 years old and provides investors exposure to a broad range of geographies and asset classes via a single listed investment fund.

What is a closed-end investment fund? Watch our short film to find out.

Listed investment funds are actively managed, closed-end structures with shares listed and available for trading on London Stock Exchange.
Key characteristics of listed investment funds include:
-    Ability to trade shares in a listed fund similar to an operating company
-    Intraday liquidity with market maker support of all listed funds
-    Ability for the fund to retain 15% of income in revenue reserves to use for dividends
-    An independent board of directors to represent the interests of shareholders

Watch our film to find out more about the London funds market and the breadth of assets and sectors that are represented.

There are over 450 closed-ended investment funds listed in London, standing at over $200bn in market capitalisation and representing over 80 subsectors.

Over recent years, we have welcomed new asset classes such as pharmaceutical royalties, music royalties, energy efficiency and energy storage within the London listed fund space. Click here for full list of subsectors.

Find out the 30 largest listed investment funds ranked by market capitalisation as of the 31st January 2020.

 

Name

Market Cap(£m)

1

3I GROUP PLC

                    10,748

2

SCOTTISH MORTGAGE INVESTMENT TRUST PLC

                      8,322

3

F&C INVESTMENT TRUST PLC

                      4,010

4

HICL INFRASTRUCTURE PLC

                      3,314

5

RIT CAPITAL PARTNERS PLC

                      3,216

6

PERSHING SQUARE HOLDINGS LTD

                      3,003

7

3I INFRASTRUCTURE PLC

                      2,768

8

ALLIANCE TRUST PLC

                      2,708

9

INTERNATIONAL PUBLIC PARTNERSHIPS LD

                      2,693

10

TRITAX BIG BOX REIT PLC

                      2,385

11

GREENCOAT UK WIND PLC

                      2,158

12

THE RENEWABLES INFRASTRUCTURE GROUP LIMITED

                      2,157

13

POLAR CAPITAL TECHNOLOGY TRUST PLC

                      2,144

14

MONKS INVESTMENT TRUST PLC

                      2,106

15

MERCANTILE INVESTMENT TRUST (THE) PLC

                      2,066

16

TEMPLETON EMERGING MARKETS INVESTMENT TRUST PLC

                      1,937

17

WITAN INVESTMENT TRUST PLC

                      1,900

18

FINSBURY GROWTH & INCOME TRUST PLC

                      1,848

19

FONDUL PROPRIETATEA S.A.

                      1,733

20

CALEDONIA INVESTMENTS PLC

                      1,700

21

CITY OF LONDON INVESTMENT TRUST PLC

                      1,694

22

WORLDWIDE HEALTHCARE TRUST PLC

                      1,620

23

SEQUOIA ECONOMIC INFRASTRUCTURE INCOME FUND LIMITED

                      1,587

24

MURRAY INTERNATIONAL TRUST PLC

                      1,530

25

SECURE INCOME REIT PLC

                      1,521

26

SMITHSON INVESTMENT TRUST PLC

                      1,513

27

TR PROPERTY INVESTMENT TRUST PLC

                      1,511

28

HARBOURVEST GLOBAL PRIVATE EQUITY LIMITED

                      1,466

29

SYNCONA LIMITED

                      1,420

30

PANTHEON INTERNATIONAL PLC

                      1,317

You can also hear what our listed issuers have to say about the London fund market for investment companies as they share their experiences.

For queries on a specific fund, where available, please reach out to the contact specified on the fund’s profile page.

For general queries on the investment fund market, please contact our team.

Still have questions?

Contact our team

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