Which investment trusts hold Nvidia?

Following Nvidia’s positive fourth quarter results, the AIC has published a list of the investment trusts with exposure to the company.

Listing image

Following Nvidia’s positive fourth quarter results, the Association of Investment Companies (AIC) has published a list of the investment trusts with exposure to the company.

There are 13 investment trusts with holdings in Nvidia, nearly all of which are trading on a discount except for JPMorgan Global Growth & Income which is trading at a premium of 1% and JPMorgan American which is trading at par.

Manchester & London is the investment trust with the largest portfolio weighting in Nvidia (22%). This is followed by Martin Currie Global Portfolio with 9.5% of its portfolio in Nvidia, Polar Capital Technology with 8.4%, Allianz Technology with 7.1% and Canadian General Investments with 6.7%.

Scottish Mortgage Investment Trust, with total assets of £13.8 billion, has 5.1% of its portfolio in Nvidia.

The Global sector dominates the list, with seven of these 13 investment trusts coming from that sector. This is followed by the North American sector with three investment trusts and the Technology & Technology Innovation sector with two investment trusts.

Investment trusts with exposure to Nvidia

Investment trustAIC sectorPortfolio weighting %Discount / premium %
Manchester & LondonGlobal22.0-15
Martin Currie Global PortfolioGlobal9.5-2
Polar Capital TechnologyTechnology & Technology Innovation8.4-11
Allianz Technology TrustTechnology & Technology Innovation7.1-12
Canadian General InvestmentsNorth America6.7-39
Scottish Mortgage Investment TrustGlobal5.1-15
Baillie Gifford US GrowthNorth America4.6-15
JPMorgan Global Growth & IncomeGlobal Equity Income3.51
JPMorgan AmericanNorth America3.30
Alliance TrustGlobal2.2-6
F&C Investment TrustGlobal1.3-9
Witan Investment TrustGlobal1.2-10
Monks Investment TrustGlobal0.7-13

Source: www.theaic.co.uk / Morningstar (discount/premium as at 21/02/24).

Annabel Brodie-Smith, Communications Director of the Association of Investment Companies (AIC), said: “Investors looking for exposure to Nvidia should consider these investment trusts. Currently 11 of these trusts are trading on a discount, with eight on a double-digit discount. Of course, investors need to do their own research. There is no guarantee that future performance of a single company will be strong, and all of these investment trusts hold a mix of companies within their portfolios.”

 

- ENDS -

 

Follow us on X @AICPRESS

Notes to editors

  1. The Association of Investment Companies (AIC) represents a broad range of investment trusts and VCTs, collectively known as investment companies. The AIC’s vision is for closed-ended investment companies to be understood and considered by every investor. The AIC has 336 members and the industry has total assets of approximately £267 billion.
  2. For more information about the AIC and investment trusts, visit the AIC’s website.
  3. Disclaimer: The information contained in this press release does not constitute investment advice or personal recommendation and it is not an invitation or inducement to engage in investment activity. You should seek independent financial and, if appropriate, legal advice as to the suitability of any investment decision. Past performance is not a guide to future performance.  The value of investment company shares, and the income from them, can fall as well as rise.  You may not get back the full amount invested and, in some cases, nothing at all.
  4. To stop receiving AIC press releases, please contact the communications team.