“Investors should still be picky when choosing investments, but looking forward they have a much better chance of becoming an ISA millionaire, provided they make the most of their annual allowance. In theory this also allows investors to make their way to being an ISA millionaire with a lower risk investment strategy. However, for long term, regular investors, the stock market remains most likely to substantially grow your ISA wealth.”
Funds and trusts that have turned investors into ISA millionaires
The following tables show the funds and trusts which would now be worth over £1 million, if the maximum ISA allowance was invested in them each year since ISAs were introduced in 1999. The column on the right shows the current value of a lump sum investment of the full ISA allowance invested in each fund or trust every year on 6th April, the first day of each tax year. In total this represents ISA savings of £263,440 across 23 tax years. The list doesn’t include funds which have hit the £1 million milestone, but have since fallen back and are currently worth less than £1 million.
Fund |
Sector |
Current ISA value |
| Baillie Gifford American | North America | £1,423,136 |
| Liontrust UK Smaller Companies | UK Smaller Companies | £1,268,961 |
| Baillie Gifford Pacific | Asia Pacific Excluding Japan | £1,260,408 |
| Janus Henderson Global Tech Leaders | Tech and Tech Innovations | £1,248,798 |
| abrdn Indian Equity | India/Indian Subcontinent | £1,153,411 |
| ASI UK Smaller Companies | UK Smaller Companies | £1,130,795 |
| Janus Henderson European Smaller Companies | European Smaller Companies | £1,089,796 |
| AXA Framlington American Growth | North America | £1,085,387 |
| Threadneedle American Smaller Companies | North American Smaller Companies | £1,074,175 |
| Threadneedle European Smaller Companies | European Smaller Companies | £1,073,352 |
| Schroder UK Dynamic Smaller Companies | UK Smaller Companies | £1,067,174 |
| BlackRock UK Smaller Companies | UK Smaller Companies | £1,064,004 |
| Threadneedle American | North America | £1,015,227 |
| Barings Europe Select | European Smaller Companies | £1,004,378 |
Trust |
Sector |
Current ISA value |
| Scottish Mortgage | Global | £1,805,666 |
| Allianz Technology Trust | Technology & Media | £1,788,035 |
| HgCapital Trust | Private Equity | £1,650,276 |
| Polar Capital Technology | Technology & Media | £1,604,156 |
| Pacific Horizon Ord | Asia Pacific | £1,521,259 |
| Aberdeen Standard Asia Focus | Asia Pacific Smaller Companies | £1,331,389 |
| Oryx International Growth | UK Smaller Companies | £1,277,763 |
| Rights & Issues Investment Trust | UK Smaller Companies | £1,221,963 |
| BlackRock Smaller Companies | UK Smaller Companies | £1,202,387 |
| 3i | Private Equity | £1,165,188 |
| BlackRock Throgmorton Trust | UK Smaller Companies | £1,152,318 |
| JPMorgan Russian Securities | Country Specialist | £1,102,515 |
| Scottish Oriental Smaller Cos | Asia Pacific Smaller Companies | £1,096,375 |
| Worldwide Healthcare | Biotechnology & Healthcare | £1,068,341 |
| North Atlantic Smaller Cos | Global Smaller Companies | £1,068,009 |
| JPMorgan UK Smaller Cos | UK Smaller Companies | £1,059,023 |
| abrdn UK Smaller Companies Growth | UK Smaller Companies | £1,052,933 |
| Herald | Global Smaller Companies | £1,032,475 |
| Invesco Perpetual UK Smaller | UK Smaller Companies | £1,022,742 |
| JPMorgan American | North America | £1,017,739 |
| JPMorgan European Discovery | European Smaller Companies | £1,009,846 |
| Biotech Growth | Biotechnology & Healthcare | £1,005,425 |
Source: Morningstar, total return to February 2022
