Buy China and gold, says Anthony Bolton

Merryn Somerset Webb talks to legendary fund manager Anthony Bolton about how his new fund is doing, why he’s charging such high fees, and what he's buying now.

Merryn Somerset Webb talks to the legendary fund manager about how his new fund is doing, why he's charging such high fees, and what he is buying now

Anthony Bolton doesn't have much reason to like me. If you look back 18 months or so you will find the articles I wrote when he launched his investment trust, Fidelity China Special Situations Fund. I have enormous respect for his long-term investing record, but on this occasion I wasn't impressed.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.