
Max King
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.
Latest articles by Max King
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UK bank stocks are no bargain – here's a safer alternative
Opinion Britain's banking sector faces severe political risks. Switch into this global financials trust instead, says Max King
By Max King
Opinion -
A voyage of discovery through the Baltic countries
Travel Max King explores the rich history, culture and cuisine of Estonia, Latvia and Lithuania
By Max King
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The flaw in Terry Smith’s strategy at Fundsmith
Opinion Fundsmith has invested in some excellent companies, but it has struggled to decide when to sell, says Max King
By Max King
Opinion -
European funds: investors have 'a luxury of choice'
A series of mergers is bringing consolidation among European funds, but investors should benefit, says Max King
By Max King
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Investment disasters: what to learn from 50 years of fiascos
A benign market backdrop over the past 50 years has not prevented recurrent routs, says Max King
By Max King
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In defence of Donald Trump
Opinion Doom-mongers thought the world would end with the election of Donald Trump. Think again, says Max King
By Max King
Opinion -
Personal Assets Trust: a fund to protect your wealth
Personal Assets Trust aims to shelter its shareholders’ assets from volatile markets
By Max King
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Farming isn't for the faint-hearted – and isn't profitable
Opinion Farming may look appealing, but turning a profit is extremely hard. No wonder many farmers are attracted to the Sustainable Farming Incentive, says Max King
By Max King
Opinion -
Buying infrastructure funds - 'cheap is not always cheerful'
Opinion Well-balanced infrastructure funds offer better prospects than high-yielding renewables funds, says Max King
By Max King
Opinion -
Aberforth Smaller Companies Trust: a fund that lets you buy Britain on a triple discount
Opinion If UK stocks return to favour, Aberforth Smaller Companies Trust, a value-focused investment trust, should perform well, says Max King
By Max King
Opinion -
The costly myth of “sell in May”
Opinion May 2025's strong returns for US stocks have once again shown that putting too much weight on seasonal patterns will only make investors poorer, says Max King
By Max King
Opinion -
Vietnam: a high-growth market going cheap
Opinion The threat of tariffs has shaken Vietnamese stocks, but long-term prospects remain solid, says Max King
By Max King
Opinion -
A rebound in UK's commercial property – should you invest?
UK commercial property's three-year bear market finally appears to be over, says Max King
By Max King
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'Ignore the gloom: US stocks are a buy'
Opinion The consensus says the age of American exceptionalism is over. But that is not the way to bet, says Max King
By Max King
Opinion -
Can new management turn RIT Capital around?
After several years of poor performance, there is growing evidence that RIT has turned the corner, says Max King
By Max King
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'Nationalisation is not the answer'
Opinion Labour's enthusiasm for nationalising steel was met with approval across the spectrum. Political consensus is a sign that thinking has been abandoned, says Max King
By Max King
Opinion -
Tap into investment trusts to profit from private equity
Opinion The investment companies providing access to unlisted firms’ robust growth are looking cheap, says Max King
By Max King
Opinion -
Two top Asia-focused investment trusts
Pacific Assets and Scottish Oriental are both trusts that focus on high-quality companies controlled by trustworthy families or founders
By Max King
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Will Putin invade Europe? Why investors know Russia is a paper tiger
Opinion Markets are right to ignore talk of Putin invading Europe, says Max King.
By Max King
Opinion -
How to generate income with fixed-interest investments
Public debt is overvalued, but other fixed-interest investments now look like a bargain, says Max King
By Max King
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Spring Statement: can Rachel Reeves fix the UK economy?
Opinion Chancellor Rachel Reeves understands the economy’s structural problems but is unlikely to solve them, says Max King
By Max King
Opinion -
UK property market forecast: where are house prices heading?
House prices have climbed in the past few years, but the long-term outlook for the housing market is poor, says Max King
By Max King
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Should investors stay bullish and buy UK and US stocks?
Opinion Ignore the Eeyores, says Max King. The outlook for stocks in both Britain and America remains auspicious
By Max King
Opinion -
Majedie sees an impressive turnaround under Marylebone
Majedie Investments, a once-ailing trust has seen its discount shrink to almost nothing under its new manager, Marylebone Partners
By Max King