Top UK investment trusts for ISA investing

Growth Stocks

UK investment trusts provide an ideal choice for a UK stocks and shares ISA. The ISA allowance for the 2023/24 and 2024/25 tax years is £20,000. These investment trust ideas offer attractive returns – tax free in your ISA – in exciting growth markets in Japan, Emerging Markets, European small caps, UK, Energy and Resources and Latin America.

JPMorgan Japan Small Cap Growth & Income plc (LON:JSGI) is an income investing opportunity that gives investors access to a diverse and fast growing sector managed by local managers.

The Diverse Income Trust plc (LON:DIVI) invests primarily in quoted or traded UK companies with a wide range of market capitalisations, but a long-term bias toward small and medium sized companies.

BlackRock Latin American Investment Trust (LON:BRLA)builds a carefully selected portfolio of the region’s most compelling investment opportunities with the aim of delivering long-term income and capital growth.

JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.

Fidelity Emerging Markets Limited (LON:FEML)  is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.

BlackRock Energy and Resources Income Trust plc (LON:BERI) aims to achieve an annual dividend target and, over the long term, capital growth by investing primarily in securities of companies operating in the mining and energy sectors.

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Fidelity Emerging Markets shareholders to benefit on repurchase of Strathclyde’s holding

Fidelity Emerging Markets Limited has agreed a conditional share repurchase deal with Strathclyde Pension Fund for its entire 25.7% holding, subject to shareholder approval. The £NAV-discounted repurchase is expected to complete in November 2025, cancelling 16.4m shares and delivering an estimated 4% uplift to NAV per share for ongoing shareholders.

Fidelity Emerging Markets Limited Factsheet: share price continues rise in July

Emerging markets delivered positive returns in July, marginally ahead of developed markets. The portfolio also gained but underperformed its index, with financials and industrials weighing on performance, while technology stock selection was supportive.

Diverse Income Trust reports £257.9m net assets with 4.18% yield

Diverse Income Trust reported net assets of £257.9 million as of 31 July 2025, with a NAV of 109.08p per share and a share price of 104.00p, reflecting a 4.66% discount. The trust, managed by Gervais Williams and Martin Turner, delivered a 19.42% one-year share price total return and maintains a historic yield of 4.18%.

Emerging markets investment opportunities and why invest now?

Fidelity Emerging Markets' portfolio manager Chris Tennant highlights how lower debt levels, strong reserves, early interest rate action and a weaker US dollar create favourable conditions.

Kepler highlights strong gains for JPMorgan European Discovery

Kepler notes that JPMorgan European Discovery (JEDT) has achieved a 32% share price total return since new managers took over in 2024, outperforming its benchmark. With small-cap valuations still low and capital flows yet to filter down, Kepler sees potential for further momentum.

Diverse Income Trust recommends final dividend of 1.35p

Diverse Income Trust plc has proposed a final dividend of 1.35p per share, payable on 28 November 2025, bringing the total annual dividend to 4.50p, up 5.9% from last year.

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