
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 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
Tips -
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
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Budget 2021: the chickens come home to roost
Opinion Rishi Sunak delivered his budget today amid a fragile and uncertain time. Max King analyses.
By Max King Published
Opinion -
When investors get over-excited, it’s time to worry – but we’re not there yet
Sponsored When investors are pouring money into markets, it can be a warning sign of impending disaster, writes Max King. So how are fund flows looking right now?
By Max King Published
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An investment trust that gives exposure to frontier markets
Tips An investment trust investing in small, illiquid emerging markets has disappointed, but deserves another chance, says Max King
By Max King Published
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Emerging markets: the Brics never lived up to their promise – but is now the time to buy?
Analysis Twenty years ago hopes were high for Brazil, Russia, India and China – the “Brics” emerging-market economies. But only China has beaten expectations. Max King explains why and asks if now is the time to buy.
By Max King Published
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What the best-performing investment trusts of the past 20 years can teach us
Advice Forty-two trusts have risen more than tenfold over the last two decades. What made the winners stand out? And how can we identify future outperformers? Max King sifts through the evidence.
By Max King Published
Advice -
Emerging markets: has the Brics dream survived reality?
Analysis Two decades ago the “Brics” – Brazil, Russia, India and China – were the global economy's rising stars, with expectations high for their rapid development. Max King looks at how things have panned out.
By Max King Published
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The UK stockmarket is cheap – but is it cheap for good reasons?
Opinion Compared to other developed-world markets, UK stocks are remarkably cheap. But a number of factors means the discount could be well-deserved, says Max King.
By Max King Published
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Invest in a promising new chapter at RIT Capital Partners
Tips The long-standing chairman of the RIT Capital Partners investment trust stepped down in 2019, but the new team are doing very well, says Max King.
By Max King Published
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Why it pays to face up to your investment mistakes
Opinion Buying stocks can be a complicated business. But selling stocks can be tricky, too – even if you sell for the right reasons. Max King explains how to avoid investment mistakes, and how to learn from the mistakes you do make.
By Max King Published
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Pershing Square: a deeply undervalued investment trust to buy now
Tips Pershing Square Holdings has a strong record, but trades at a discount of almost 30%. It could be the ideal investment for uncertain market conditions, says Max King.
By Max King Published
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In a “defined contribution” pension? Cheer up!
Advice Max King explains why today’s defined contribution pensions are in many ways better than the final salary pensions of old.
By Max King Published
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Invest in affordable housing – a solid return with a social impact
Tips The private sector can help tackle homelessness – but investors should expect to be rewarded as well. And these two funds fit the bill nicely.
By Max King Published
Tips