Our advisers give their tips for investment trusts

Merryn Somerset Webb runs through some of the other suggestions for the MoneyWeek investment trust portfolio.

Last week, I reviewed our investment trust portfolio. It was, even by our standards of churn, a particularly dull update. I told you that everything was going fine and made no changes whatsoever. I suspect that this all pleased most of you who hold the trusts. You are making a perfectly good return and no action is required.

But spare a thought if you will for the members of my investment trust advisory panel. Whenever we go through this process of thinking a lot and doing very little, I email all of them and demand that they recommend trusts I could put in the portfolio as replacements, if for whatever reason I was roused to sell one of the existing trusts.I nag them on this. I get their replies.

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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.