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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The bear market in bonds isn’t all bad news
Analysis The rise in bond yields and the fall in bond prices can be a good thing or bad thing. Bad for bondholders, but good for many risk-averse pensioners and pension savers. Max King explains why.
By Max King Published
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How can you tell if the market is overvalued?
Analysis There are plenty of ways to value markets, says Max King, but nothing is infallible. Every ratio and calculation needs to be taken with a large pinch of salt – and what works this time won’t necessarily work in the future. Here, he looks at some of the more popular metrics.
By Max King Published
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The income investor’s dilemma
Analysis Pay attention to dividend growth as well as initial yield when picking income trusts, says Max King.
By Max King Published
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What the end of the 1970s bear market can teach today’s investors
Analysis The 1970s saw the worst bear market Britain has ever seen, with stocks tumbling 70%. Things have changed a lot since then, says Max King. But there are five important lessons that today’s investors should learn.
By Max King Published
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A Europe-focused investment trust that’s back on form
Tips Alex Darwall’s European Opportunities investment trust deserves another look after a difficult spell, says Max King.
By Max King Published
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The age of delusions is ending – but what will replace it?
Sponsored For years, we have been living in an “age of delusion”, says Max King. The return to normality will be painful, but a dose of reality might be a very good thing for markets and economies.
By Max King Published
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Get ready for the coming oil glut
Analysis Investors are assuming that energy prices will stay high. History suggests the opposite, says Max King
By Max King Published
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A new beginning for the Rockwood Strategic investment trust
Tips Rockwood Strategic investment trust has been making positive changes, says Max King. Investors should tune in.
By Max King Published
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Whisper it – but perhaps the UK stockmarket deserves to be cheap
Sponsored The UK stockmarket is historically undervalued compared to others. But there are good reasons for that, says Max King – and investors may well be right to shun it.
By Max King Published
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A fund that should give good returns from investing in good deeds
Tips Schroders BSC Social Impact Trust has made a solid start and looks more attractive than it did at launch, says Max King.
By Max King Published
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What can markets tell us about the economy and geopolitics?
Sponsored Markets have remained resilient despite Russia's war with Ukraine. Max King rounds up how reliable the stockmarket is in predicting economic outlooks.
By Max King Published
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Is the oil market heading for a supply glut?
Analysis Many people assume that the high oil price is here to stay – and could well go higher. But we’ve been here before, says Max King. History suggests that supply will increase to more than meet demand.
By Max King Published
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A family-run investment trust to buy and lock away
Tips Menhaden Resource Efficiency made a slow start, but progress is encouraging. Buy before the discount closes, says Max King.
By Max King Published
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High inflation will fade – here’s why
Analysis Many people expect high inflation to persist for a long time. But that might not be true, says Max King. Inflation may fall faster than expected – and the UK may avoid recession. Here’s why.
By Max King Published
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This specialist software fund is still cheap
Tips HgCapital Trust’s portfolio looks expensive, but its strong record should reassure investors, says Max King.
By Max King Published
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Can stockmarkets continue to keep their cool in 2022?
Sponsored Stockmarkets have recovered well from their recent lows, says Max King. But can that continue?
By Max King Published
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Five attractive property funds to buy now
Tips Investors remain wary of real-estate investment trusts (Reits), but many property funds offer solid yields with inflation protection, says Max King
By Max King Published
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A core US fund that should be part of every portfolio
Analysis The UK market’s recovery might not be here to stay. America offers a compelling alternative, says Max King.
By Max King Published
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Three healthcare trusts to invest in
Analysis The biotech sector is in its biggest bear market in 30 years. But Max King explains why this sector could turn around soon and three healthcare trusts that may be worth investing in.
By Max King Published
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The National Insurance rise is not needed – Sunak should have ditched it
Opinion With our public finances in better shape than many people think, the chancellor's decision not to ditch the rise in National Insurance contributions is a mistake, says Max King.
By Max King Published
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Looking for Isa season ideas? Load up on investment trusts
Sponsored Investment trusts have had a poor start to the year. But, while there are still plenty of risks, there are plenty of opportunities too. Max King looks at the sectors to buy.
By Max King Published
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What’s happened to the small-cap effect?
Sponsored Small-cap stocks have traditionally outperformed their blue-chip cousins. But is this still true today? Max King looks at their performance, and the advantages of investing in small-cap-focused investment trusts
By Max King Published
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Mining stocks are back in favour – but proceed with caution
Tips This investment trust packed with mining stocks has risen by 70% since the end of 2019, but investors should be cautious about assuming “this time is different”, says Max King
By Max King Published
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London office space: Canary Wharf makes a comeback
Tips Working from home will not mean the end of the office. Landlords of high-quality London office space will do fine, says Max King
By Max King Published
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