Is it a good time to invest in the UK?

Temple Bar Investment Trust is a diversified bet on British equities and looks excellent value, says Max King

Street in City of London with modern office buildings
(Image credit: © Getty images)

Since they took over the management of the Temple Bar Investment Trust (LSE: TMPL) in October 2020, Ian Lance and Nick Purves have generated a total return of 100% compared with 55% for the FTSE All-Share index. 

This is also well ahead of global indices. When the board moved the management contract, they chose to continue the previous manager’s value strategy rather than join the then-fashionable pursuit of growth. 

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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.