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 of his current favourites.

A Tesla
Tesla is in the top-ten holdings of two top global trusts
(Image credit: © Tesla)

Plenty of pundits insist that stockmarkets are overvalued and heading for a crash. Setbacks or sudden shocks, as in early 2020, are always possible, but investors have learned to ride these out. What would be much more worrying is a sustained bear market from which it takes years to recover. But how likely is that?

Persistent inflation is likely to push up both interest rates and bond yields, but that is well known and should be discounted in share prices, unless we are heading for the conditions of the 1970s without the build-up of the 1960s. Recovery is turning into strong growth and profits are easily beating forecasts with profit margins, despite inflationary pressure, still rising.

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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.