AUTHOR

Max King author headshot

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.

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
A family-run investment trust to buy and lock away
Investment trusts

A family-run investment trust to buy and lock away

Menhaden Resource Efficiency made a slow start, but progress is encouraging. Buy before the discount closes, says Max King.
16 May 2022
High inflation will fade – here’s why
Inflation

High inflation will fade – here’s why

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…
13 May 2022
This specialist software fund is still cheap
Investment trusts

This specialist software fund is still cheap

HgCapital Trust’s portfolio looks expensive, but its strong record should reassure investors, says Max King.
4 May 2022
Can stockmarkets continue to keep their cool in 2022?
Sponsored

Can stockmarkets continue to keep their cool in 2022?

Stockmarkets have recovered well from their recent lows, says Max King. But can that continue?
27 Apr 2022
Five attractive property funds to buy now
Property

Five attractive property funds to buy now

Investors remain wary of real-estate investment trusts (Reits), but many property funds offer solid yields with inflation protection, says Max King
25 Apr 2022
A core US fund that should be part of every portfolio
Funds

A core US fund that should be part of every portfolio

The UK market’s recovery might not be here to stay. America offers a compelling alternative, says Max King.
16 Apr 2022
Three healthcare trusts to invest in
Funds

Three healthcare trusts to invest in

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…
5 Apr 2022
The National Insurance rise is not needed – Sunak should have ditched it
Budget

The National Insurance rise is not needed – Sunak should have ditched it

With our public finances in better shape than many people think, the chancellor's decision not to ditch the rise in National Insurance contributions i…
23 Mar 2022
Looking for Isa season ideas? Load up on investment trusts
Sponsored

Looking for Isa season ideas? Load up on investment trusts

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…
22 Mar 2022
The best renewable energy funds to buy now
Renewables

The best renewable energy funds to buy now

The need to reduce reliance on Russian oil will boost renewables. Investors need to start taking note. Max King picks the best renewable energy funds …
22 Mar 2022
What’s happened to the small-cap effect?
Sponsored

What’s happened to the small-cap effect?

Small-cap stocks have traditionally outperformed their blue-chip cousins. But is this still true today? Max King looks at their performance, and the a…
15 Mar 2022
Mining stocks are back in favour – but proceed with caution
Investment trusts

Mining stocks are back in favour – but proceed with caution

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 …
7 Mar 2022
London office space: Canary Wharf makes a comeback
Property

London office space: Canary Wharf makes a comeback

Working from home will not mean the end of the office. Landlords of high-quality London office space will do fine, says Max King
28 Feb 2022
Value investing is harder than it looks
Sponsored

Value investing is harder than it looks

The markets’ fascination with growth stocks is waning, and investors are turning their attention to value stocks. But there’s more to value investing …
22 Feb 2022
A high-quality income-focused investment trust to buy now
Investment trusts

A high-quality income-focused investment trust to buy now

First-rate companies with sustainable returns are the key to long-term dividend growth for the Murray Income Trust.
21 Feb 2022
Markets may be nervous, but a Russian invasion of Ukraine seems unlikely
Economy

Markets may be nervous, but a Russian invasion of Ukraine seems unlikely

As markets, politicians and international observers grow increasingly concerned about a Russian invasion of Ukraine, the likelihood of it actually hap…
18 Feb 2022
Two funds to extract big value from big oil
Funds

Two funds to extract big value from big oil

Two high-quality funds from Guinness offer very different ways to invest in the energy industry – and one looks exceptionally cheap now.
7 Feb 2022
Which investment trusts performed the best in 2021, and what might perform this year?
Investment trusts

Which investment trusts performed the best in 2021, and what might perform this year?

After a stellar 2020, last year was disappointing for investment trusts. Max King explains why, and looks at what could do well in 2022.
1 Feb 2022
Has growth investing had its day? Don’t be so sure
Growth investing

Has growth investing had its day? Don’t be so sure

Markets – and “jam tomorrow” growth stocks in particular – continue to crash, with some analysts forecasting a 50% drop or more. But, says Max King, a…
25 Jan 2022
A cheap investment trust with a good record
Investment trusts

A cheap investment trust with a good record

This cheap investment trust’s yield of almost 9% may look too good to be true, but should be sustainable, says Max King.
25 Jan 2022
Seize these investment trust bargains in 2022
Investment trusts

Seize these investment trust bargains in 2022

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…
17 Jan 2022
What can the “January barometer” tell us about 2022 stockmarket prospects?
Investment strategy

What can the “January barometer” tell us about 2022 stockmarket prospects?

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…
10 Jan 2022
Buy a range of bargain investment trusts with this one fund
Investment trusts

Buy a range of bargain investment trusts with this one fund

The Miton Global Opportunities Trust seeks out overlooked investment-trust gems, saving you the work.
9 Jan 2022
The globally-focused investment trusts to buy for great returns
Investment trusts

The globally-focused investment trusts to buy for great returns

The bullish market outlook means investors should opt for investment trusts targeting the world’s great companies, says Max King. Here, he picks some …
27 Dec 2021
In praise of profits – Ed Yardeni’s stirring defence of capitalism
Economy

In praise of profits – Ed Yardeni’s stirring defence of capitalism

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…
21 Dec 2021
Two small-cap funds with big potential
Investment trusts

Two small-cap funds with big potential

Two investment trusts concentrating on US small-cap shares offer excellent long-term value.
20 Dec 2021
New companies vs old companies: a more interesting concept than “value stocks” vs “growth stocks”
Sponsored

New companies vs old companies: a more interesting concept than “value stocks” vs “growth stocks”

Many investors divide companies into “value” stocks and “growth” stocks. But a more useful distinction might be between old companies and new companie…
15 Dec 2021
Regional Reit: office rents provide a steady growth in income and dividends
Investment trusts

Regional Reit: office rents provide a steady growth in income and dividends

Open-ended funds struggle when it comes to illiquid assets such as property, but things are looking good for this real-estate investment trust.
7 Dec 2021
Coronavirus has had less of an impact on UK property than you might think
Property

Coronavirus has had less of an impact on UK property than you might think

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 of…
29 Nov 2021
Why Britons are much wealthier than we think
Sponsored

Why Britons are much wealthier than we think

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 …
23 Nov 2021
Two debt-focused funds that pay good dividends
Investment trusts

Two debt-focused funds that pay good dividends

TwentyFour Asset Management’s two debt-focused investment trusts are producing healthy payouts
22 Nov 2021
Is investors’ enthusiasm for renewable energy justified?
Renewables

Is investors’ enthusiasm for renewable energy justified?

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 in…
9 Nov 2021
How a cautious approach to investing has paid off for Capital Gearing Trust
Investment trusts

How a cautious approach to investing has paid off for Capital Gearing Trust

The Capital Gearing Trust’s strategy focuses on not losing money. It has proved very successful, says Max King
9 Nov 2021
Are investors doomed?
Bonds

Are investors doomed?

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 cr…
3 Nov 2021
The genuine bargains in the investment-trust sector
Investment strategy

The genuine bargains in the investment-trust sector

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…
28 Oct 2021