AUTHOR
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 in magazine 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.
7 cheap investment trusts to buy
Investment trusts
7 cheap investment trusts to buy
Max King takes a look at six cheap investment trusts to buy today after what has been a terrible year for the sector.
21 Dec 2022
Cheap and cheerful or reassuringly expensive?
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Cheap and cheerful or reassuringly expensive?
Many investors aim to pick up “cheap” shares. But cheap does not always mean good value, says Max King. Quality comes at a price.
21 Dec 2022
Stock market crash? This time it’s (slightly) different
Stockmarkets
Stock market crash? This time it’s (slightly) different
The bears expecting a stock market crash have got it wrong, says Max King.
30 Nov 2022
2 investment trusts with growing dividends: which one should you invest in?
Investment trusts
2 investment trusts with growing dividends: which one should you invest in?
They might not have spectacular yields but these two trusts have increased their dividend every year for 55 years.
24 Nov 2022
2 cheap investment trusts yielding up to 6%
Investment trusts
2 cheap investment trusts yielding up to 6%
These 2 investment trusts are both trading at less than net asset value and have plans in place to grow their dividends substantially.
17 Nov 2022
Crash? What crash?
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Crash? What crash?
October is often said to be a month of stockmarket crashes. But that's not true for this year, says Max King. A host of positive triggers are lining u…
25 Oct 2022
What next for stocks as bonds crash?
Stockmarkets
What next for stocks as bonds crash?
Despite the slump in prices, UK government bonds remain too expensive. Stocks are much better value, says Max King.
20 Oct 2022
A property fund to buy now
Property
A property fund to buy now
Listed real-estate companies and commercial property funds such as TR Property offer a buying opportunity, says Max King.
13 Oct 2022
LDI: another financial fix has backfired
Government bonds
LDI: another financial fix has backfired
Liability-driven investment (LDI) has become the latest widely touted investment product to go horribly wrong, says Max King.
7 Oct 2022
Why everyone is over-reacting to the mini-Budget
Budget
Why everyone is over-reacting to the mini-Budget
Most analyses of the chancellor’s mini-Budget speech have failed to grasp its purpose and significance, says Max King
29 Sep 2022
Three ways to invest in Japanese value stocks
Japan stockmarkets
Three ways to invest in Japanese value stocks
Japanese stocks have fallen out of favour with investors, but they are looking ripe for recovery, says Max King.
28 Sep 2022
There is light at the end of the tunnel for investors
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There is light at the end of the tunnel for investors
Investors are gloomy. But it’s not all bad, says Max King – the mood could be about to shift. You just need to hold your nerve for a little while long…
27 Sep 2022
A forgotten lesson on the dangers of energy price caps
UK Economy
A forgotten lesson on the dangers of energy price caps
Liz Truss’s proposed energy price cap is an ambitious gamble. But a similar programme in Spain ended up being a fiasco, say Max King and Tom Murley. H…
21 Sep 2022
The best renewable energy funds to buy now
Renewables
The best renewable energy funds to buy now
The renewable energy industry continues to offer both growth and income, says Max King. Here are the best funds to buy now.
20 Sep 2022
A green investment trust to buy
Investment trusts
A green investment trust to buy
Impax Environmental, a successful investment trust, offers a compelling way to profit from solving environmental problems, says Max King.
16 Sep 2022
What the return of the bond vigilantes means for investors
Government bonds
What the return of the bond vigilantes means for investors
The US Federal Reserve is dancing to the tune of the bond vigilantes, says Max King. Here’s what that means for stockmarket investors, the economy, an…
6 Sep 2022
Investors should consider this top-performing investment trust
Investment trusts
Investors should consider this top-performing investment trust
The team at Miton Global Opportunities Trust is expert at sifting through discounted trusts. Max King tells us why.
1 Sep 2022
Ignore the doomsayers - energy prices could fall next year
Energy
Ignore the doomsayers - energy prices could fall next year
Forecasts suggest the energy prices will continue to spiral, but these projections could turn out to be a lot of hot air.
30 Aug 2022
How to refresh your portfolio as the stockmarket recovery pauses
Investment strategy
How to refresh your portfolio as the stockmarket recovery pauses
With markets so volatile, it might be tempting for investors to do nothing. But that would be a mistake, says Max King. Here’s how to reposition your …
22 Aug 2022
Don’t listen to the doom-mongers – the future is bright
Economy
Don’t listen to the doom-mongers – the future is bright
With volatile markets, raging inflation and industrial unrest, it may feel like things are bad and likely to get worse. But the end of the world is no…
15 Aug 2022
Why the market is wrong about private equity
Investment trusts
Why the market is wrong about private equity
When it comes to listed private-equity trusts, investors are overly sceptical, with many funds trading at heavy discounts to their net asset values. B…
9 Aug 2022
Fear of missing out – what should investors do now?
Investment strategy
Fear of missing out – what should investors do now?
Markets have rallied from their mid-June lows. But if you missed out, as most investors did, what should you do now? Max King explains.
8 Aug 2022
A low-risk way to beat inflation
Share tips
A low-risk way to beat inflation
Demand for care-home places is strong and the sector should be able to raise prices ahead of costs, says Max King.
8 Aug 2022
Analysis: it’s been a terrible six months for investment trusts
Investment trusts
Analysis: it’s been a terrible six months for investment trusts
The first half of the year has not been kind to investment trusts because of their skew towards growth stocks and the global downturn, says Max King. …
25 Jul 2022
The bear market in bonds isn’t all bad news
Government bonds
The bear market in bonds isn’t all bad news
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 an…
21 Jul 2022
How can you tell if the market is overvalued?
Investment strategy
How can you tell if the market is overvalued?
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 …
12 Jul 2022
The best infrastructure funds to shelter your income from inflation
Investment trusts
The best infrastructure funds to shelter your income from inflation
Diversified infrastructure funds have a record of strong returns and still look well-placed for now, says Max King
8 Jul 2022
The income investor’s dilemma
Income investing
The income investor’s dilemma
Pay attention to dividend growth as well as initial yield when picking income trusts, says Max King.
4 Jul 2022
What the end of the 1970s bear market can teach today’s investors
Stockmarkets
What the end of the 1970s bear market can teach today’s investors
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 ar…
28 Jun 2022
A Europe-focused investment trust that’s back on form
Investment trusts
A Europe-focused investment trust that’s back on form
Alex Darwall’s European Opportunities investment trust deserves another look after a difficult spell, says Max King.
28 Jun 2022
The age of delusions is ending – but what will replace it?
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The age of delusions is ending – but what will replace it?
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 …
21 Jun 2022
Get ready for the coming oil glut
Oil
Get ready for the coming oil glut
Investors are assuming that energy prices will stay high. History suggests the opposite, says Max King
20 Jun 2022
A new beginning for the Rockwood Strategic investment trust
Investment trusts
A new beginning for the Rockwood Strategic investment trust
Rockwood Strategic investment trust has been making positive changes, says Max King. Investors should tune in.
13 Jun 2022
Whisper it – but perhaps the UK stockmarket deserves to be cheap
Sponsored
Whisper it – but perhaps the UK stockmarket deserves to be cheap
The UK stockmarket is historically undervalued compared to others. But there are good reasons for that, says Max King – and investors may well be righ…
31 May 2022
A fund that should give good returns from investing in good deeds
Share tips
A fund that should give good returns from investing in good deeds
Schroders BSC Social Impact Trust has made a solid start and looks more attractive than it did at launch, says Max King.
26 May 2022
Is the oil market heading for a supply glut?
Oil
Is the oil market heading for a supply glut?
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 tha…
16 May 2022