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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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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Value investing is harder than it looks
Sponsored The markets’ fascination with growth stocks is waning, and investors are turning their attention to value stocks. But there’s more to value investing than just buying cheap shares, says Max King. Here’s why.
By Max King Published
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A high-quality income-focused investment trust to buy now
Tips First-rate companies with sustainable returns are the key to long-term dividend growth for the Murray Income Trust.
By Max King Published
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Markets may be nervous, but a Russian invasion of Ukraine seems unlikely
Opinion As markets, politicians and international observers grow increasingly concerned about a Russian invasion of Ukraine, the likelihood of it actually happening is low, says Max King. Here's why.
By Max King Published
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Two funds to extract big value from big oil
Tips Two high-quality funds from Guinness offer very different ways to invest in the energy industry – and one looks exceptionally cheap now.
By Max King Published
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Which investment trusts performed the best in 2021, and what might perform this year?
Analysis After a stellar 2020, last year was disappointing for investment trusts. Max King explains why, and looks at what could do well in 2022.
By Max King Published
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Has growth investing had its day? Don’t be so sure
Analysis Markets – and “jam tomorrow” growth stocks in particular – continue to crash, with some analysts forecasting a 50% drop or more. But, says Max King, all is not lost for growth investors.
By Max King Published
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A cheap investment trust with a good record
Tips This cheap investment trust’s yield of almost 9% may look too good to be true, but should be sustainable, says Max King.
By Max King Published
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Seize these investment trust bargains in 2022
Tips Attractive investment trusts are trading at a discount, and those waiting for the perfect time to buy will miss out. Max King picks a selection of the best investment trusts to buy for 2022.
By Max King Published
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What can the “January barometer” tell us about 2022 stockmarket prospects?
Analysis How the stockmarket performs in the first month of the year can often have a bearing on its performance for the remainder. Max King looks at what it’s telling us about its prospects for 2022.
By Max King Published
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Buy a range of bargain investment trusts with this one fund
Tips The Miton Global Opportunities Trust seeks out overlooked investment-trust gems, saving you the work.
By Max King Published
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The globally-focused investment trusts to buy for great returns
Tips The bullish market outlook means investors should opt for investment trusts targeting the world’s great companies, says Max King. Here, he picks some of his current favourites.
By Max King Published
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In praise of profits – Ed Yardeni’s stirring defence of capitalism
Opinion It is commonly held that the average American's income has not risen for decades. But in truth, real earnings have been rising by 1.5% since 1995. And that's down to one thing, says Max King: capitalism.
By Max King Published
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Two small-cap funds with big potential
Tips Two investment trusts concentrating on US small-cap shares offer excellent long-term value.
By Max King Published
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New companies vs old companies: a more interesting concept than “value stocks” vs “growth stocks”
Sponsored Many investors divide companies into “value” stocks and “growth” stocks. But a more useful distinction might be between old companies and new companies. Max King explains why.
By Max King Published
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Regional Reit: office rents provide a steady growth in income and dividends
Tips Open-ended funds struggle when it comes to illiquid assets such as property, but things are looking good for this real-estate investment trust.
By Max King Published
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Coronavirus has had less of an impact on UK property than you might think
Analysis The UK property market looked to have been turned upside-down as people abandoned city flats to work from more spacious homes in the country, while offices and shops remained shut. But as it turned out, the change was less dramatic. Max King explains.
By Max King Published
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Why Britons are much wealthier than we think
Sponsored Britons are much better off and the UK is a wealthier country than the GDP data suggests, says Max King. That’s likely to continue whatever the short term disruptions. Here's why.
By Max King Published
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Two debt-focused funds that pay good dividends
Tips TwentyFour Asset Management’s two debt-focused investment trusts are producing healthy payouts
By Max King Published
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Is investors’ enthusiasm for renewable energy justified?
Analysis Investors have been pouring money into renewable energy funds. But the sector has had a tricky year so far. Max King looks at the opportunities for investors – and the risks.
By Max King Published
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How a cautious approach to investing has paid off for Capital Gearing Trust
Tips The Capital Gearing Trust’s strategy focuses on not losing money. It has proved very successful, says Max King
By Max King Published
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Are investors doomed?
Analysis Bearish sentiment is rife in the equity markets. And there are plenty of good reasons for that. But the biggest risk of all may be of a bond market crash. Max King explains why.
By Max King Published
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The genuine bargains in the investment-trust sector
Analysis A discount to net asset value should never be the primary reason for buying this type of fund, says Max King. These seven, however, look too cheap and boast encouraging long-term records
By Max King Published
Analysis