Broaden your investment horizons with global trusts

Many investment trusts are now managed by teams who look for the best investment ideas from around the world. Here, Max King picks some of the best.

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Before the millennium, the global investment trusts were a venerable but sleepy and complacent bunch, steadily shrinking in number, stuck in the past.

Typically, half of their assets were invested in the UK, as they had been in the pre-1979 days of exchange controls, but the need to pay a progressive dividend restricted their ability to invest in lower-yielding markets.

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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.