Stick with the old-favourite real estate investment trusts

There’s no need to snap up overpriced shares in newer property funds when two heavyweight reits are so cheap, says Max King.

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The gloom over the London market is overdone
(Image credit: This content is subject to copyright.)

There's no need to snap up overpriced shares in newer funds when two heavyweight reits are so cheap.

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Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.