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.

Chinese stocks on an indicator board © STR/AFP via Getty Images
A bear market in Chinese stocks hit emerging markets
(Image credit: Chinese stocks on an indicator board © STR/AFP via Getty Images)

At first sight, 2021 was a disappointing year for investment trust performance.

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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.