A return to form at Temple Bar Investment Trust

Temple Bar Investment Trust had an excellent 2019 and will profit from the revival of value investing, says Max King.

There have been signs of progress in M&S’s food division

Despite the fanfare about the return of value investing, the performance of value funds was mixed last year. The Woodford funds were a disaster, Mark Barnett’s trusts at Invesco lagged the UK market by 7%-9% and Scottish Investment Trust lagged the MSCI World Index by nearly 10%. Temple Bar Investment Trust (LSE: TMPL), however, had an outstanding year, returning 29%, 10% ahead of the All-Share index.

Avoiding slip-ups

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Max King
Investment Writer

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.