Scottish Mortgage

Charge: 0.32pc Ticker: SMT 5-year return: 66.7pc

This standout investment trust made its name backing fast-growing companies that revolutionised their industries.

The portfolio is struggling at the moment but that should not deter investors: few funds have the same depth of experience in identifying the small group of truly world-changing companies, such as Tesla and Moderna.

Veteran stock picker James Anderson may have stepped down, but Tom Slater and deputy manager Lawrence Burns are more than capable of continuing the trust’s rich history of top-tier returns.

Low charges and access to unlisted companies make this a must-have in any growth portfolio.