Interactive Investor

10 hottest ISA shares, funds and trusts: week ended 23 February 2024

In this series of articles, we reveal the 10 most-popular shares, funds and investment trusts added to ISAs on the interactive investor platform during the past week.

26th February 2024 12:00

by Lee Wild from interactive investor

Share on

Investor studying chart on smartphone 600

With ISA season under way and tax year-end fast approaching, we look at the investments ii customers have been buying within their ISAs during the previous week. The data includes only real-time trades, not regular investing instructions, and combines the use of both existing funds and new money.

Top 10 shares in ISAs

Company name

Place change 


HSBC Holdings (LSE:HSBA)




Up 1


Helium One Global Ltd Ordinary Shares (LSE:HE1)

Down 2


Rolls-Royce Holdings (LSE:RR.)

Up 2


Lloyds Banking Group (LSE:LLOY)

Down 3


Glencore (LSE:GLEN)

Up 3


BAE Systems (LSE:BA.)



Legal & General Group (LSE:LGEN)

Down 3


Rio Tinto Registered Shares (LSE:RIO)



Avacta Group (LSE:AVCT)


After spending a month at the top of the most-bought table, £88 million Helium One Global Ltd Ordinary Shares (LSE:HE1) has been knocked off its perch by £113 billion HSBC Holdings (LSE:HSBA).

It’s a combination of a pause in newsflow at Helium One after a busy and successful period exploring for helium in Tanzania, and a sharp drop in HSBC’s share price following annual results on Wednesday.

The Asia-focused lender had a poor fourth quarter of its financial year; a writedown in the value of its 19% stake in Shanghai-based Bank of Communications causing an 80% plunge in quarterly profit. 

Management also warned of slow growth during the first half of this year before a gradual recovery later. However, the state of the Chinese economy and real estate sector remain a concern.

HSBC shares fell as much as 9% to their lowest in a month. But plenty of investors clearly believed that was a buying opportunity, and that the setback could be only temporary. According to data firm Refinitiv, 11 analysts still rate HSBC shares a ‘buy’, five a ‘hold’ and three ‘sell’.

NVIDIA Corp (NASDAQ:NVDA)’s stunning fourth-quarter results propelled its stock above $800 for the first time, and the AI chip firm to second place in the top 10 list. And Rolls-Royce Holdings (LSE:RR.) climbed a couple of places after its own better-than-expected annual results, which extended the rally since the October 2022 low to over 400% and levels not seen since August 2018.

There were three new entries last week.

BAE Systems (LSE:BA.) came in at number seven as investors chased the shares to new highs following news of record annual profit and order book. A bad week for miners has also been used as an opportunity to pick up fancied stocks like Rio Tinto Registered Shares (LSE:RIO), which made the list at number nine. Results demonstrate that conditions aren’t easy, but the dividend is generous and there’s optimism about the year ahead.

Avacta Group (LSE:AVCT) is a surprise inclusion in this week’s top 10. The cancer treatment specialist came from a long way back with no obvious news behind the buying interest which was two-and-a-half times the previous week.

Shares have almost halved since mid-December despite encouraging clinical data from ongoing studies of its AVA6000 treatment. A bounce at the end of last week coincides with the share price reaching a technical support level.

Top 10 funds and trusts in ISAs

The excellent run for Indian equities has continued in 2024 – and so it comes as no surprise that Jupiter India remains popular with ii customers.  

The fund reclaimed the top spot on last week’s most-bought funds and trusts list, knocking Scottish Mortgage Ord (LSE:SMT) down to second place. Jupiter India was last in this position about a month ago.  

Year-to-date, Jupiter India has proven that an active approach to emerging markets can pay off. It has risen 15%, well ahead of the 7% return for the MSCI India and 5% gain for the average India active fund.  

The ongoing charge on the fund is a relatively expensive 0.99%, but investors are getting value for money. It has beaten its benchmark and peers over one, three, five and 10 years. 

Other risers last week were JPMorgan Global Growth & Income Ord (LSE:JGGI) and Vanguard LifeStrategy 80% Equity, up two places each to fourth and fifth place respectively.  

The global JP Morgan trust is a “best ideas” strategy, owning both growth and income shares selected by JP Morgan Asset Management’s in-house experts. Shares have compounded at an annualised rate of 14.6% over the past 10 years, beating the MSCI All Country World index’s 11.2% annual gain. It yields around 3.5%, with some of this income paid out of capital.

Fundsmith Equity was unchanged in third place, as was Alliance Trust Ord (LSE:ATST) in eighth.  

The fallers last week were L&G Global Technology Index and Greencoat UK Wind (LSE:UKW), which fell four places and two places respectively, to sixth and seventh.  

New entries to the most-bought fund and trust list were Vanguard US Equity Index and Royal London Short Term Money Mkt fund. These two strategies have become “yo-yo funds”, constantly dipping in and out of the top 10 most-popular fund and trusts list.  

Funds and trusts section written by ii’s deputy collectives editor Sam Benstead.

These articles are provided for information purposes only.  Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties.  The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.

Get more news and expert articles direct to your inbox