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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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
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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
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The best way to invest in affordable housing
Tips The private sector must play a role in meeting demand for retirement homes and shared ownership. This fund will help.
By Max King Published
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Witan: the "lame duck" investment trust has become a winner
Tips The global investment trust looked lacklustre early this year, but is making a convincing comeback.
By Max King Published
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Two private equity trusts: one to buy, one to avoid
Opinion The tech boom has fostered a lot of great businesses, but with many backed by private equity, few retail investors have been able to profit. Here, Max King looks at two investment trusts that provide a way in.
By Max King Published
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After a stunning 2020, how is 2021 shaping up for investment trusts?
Analysis Investment trusts performed extraordinarily well in 2020, but 2021 hasn't been so kind. Max King runs his eye over the sector, and looks at what the second half of the year might hold.
By Max King Published
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The best fund to buy to ride Britain's post-pandemic recovery
Tips The Lowland Investment trust is perfectly poised to profit from Britain’s post-pandemic bounce, says Max King.
By Max King Published
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Investing in Russia: risky but rewarding?
Tips The only investment trust focusing on the world’s cheapest stockmarket is worth a look, says Max King.
By Max King Published
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Two investment trusts that have proved their worth
Tips These two investment trusts have earned investors’ confidence since their flotations and remain solid bets, says Max King.
By Max King Last updated
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Why “black swan” events are even rarer than you might think
Opinion Common parlance has it that “black swan” events, such as a financial crisis or global pandemic, are impossible to predict. But as it turns out, most recent ones were entirely foreseeable. Max King explains why.
By Max King Published
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Bank on financial stocks with this investment trust
Tips Banks, though not British banks, look set for a strong rebound, making this investment trust worth researching.
By Max King Last updated
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Under new management: how change can be good for investment trusts
Analysis Change isn’t always for the better, but recently funds opting for new stewards have profited from the move, says Max King
By Max King Last updated
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Stockmarkets are due a breather
Opinion Inflation jitters look overdone, but high valuations mean equities will still tread water for a few months, says Max King
By Max King Published
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Unlocking Hansa Investment Company
Tips Hansa Investment Company looks cheap given that it could eventually restructure, says Max King.
By Max King Last updated
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Why we’ll all be better off when the commodities curse is dispelled
Sponsored The existence of substantial fossil fuel resources in a country has often proved a curse for its population, says Max King. The end of the oil era will be a blessing for many – and for the global economy as a whole.
By Max King Last updated
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Two bond funds to buy in case inflation doesn't take off
Tips We could well avoid sustained price rises, in which case these bond funds look a solid bet, says Max King
By Max King Last updated
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Micro-cap stocks: how to get huge returns from tiny firms
Tips Micro-cap stocks are often overlooked, but the British market has plenty of them and their potential is massive. Max King picks the best two investment trusts in the sector.
By Max King Last updated
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What do investment trust directors do?
Sponsored When you buy an investment rust you may not think twice about its directors. But they are an important part of what makes investment trusts such a success, says Max King.
By Max King Last updated
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