David Stevenson is an investment columnist for the Financial Times (the Adventurous Investor), Citywire and MoneyWeek. He’s also the author of the Adventurous Investor blog – www.adventurousinvestor.com – and is executive editor of ETF Stream – www.etfstream.com – and fintech news service AltFi – www.altfi.com.
I believe in keeping investing simple and I think that investment trusts are an ideal structure for private investors. Whatever your investment goal, be it long term capital growth, or income or even defensive strategies, there is likely to be an investment trust that will work for you over the long term. The key is picking the right trust or fund and the London market has a huge range. Having watched this sector – and invested in it – for over 20 years I think i have developed a fairly in depth understanding of which funds work, and why. My articles on investment trusts will hopefully help guide private investors in the right direction.
David Stevenson examines how the UK takeover boom is creating opportunities for active fund managers, makes the contrarian case for gold and gold miners, and considers a potentially undervalued renewable energy wind-down. The monthly funds focus looks at how the UK market is experiencing peak M&A activity, how this is helping mid- to small-cap opportunistic
David Stevenson explores why UK equities continue to look undervalued, examines an AI-focused investment trust and assesses a new ETF targeting the infrastructure powering the AI revolution. This month, we investigate why Fidelity thinks UK equities are cheap, an investment trust that is all in on the AI boom, and a new ETF that is
David Stevenson returns with his latest fund roundup, highlighting a defensive income fund focused on financials, a new ETF targeting the reshaping of global supply chains, and a simple momentum strategy for ETF investors. He also examines Morgan Stanley’s latest thinking on Agentic AI. In this month’s funds roundup, we look at a high-yielding defensive
David Stevenson explores early-stage robotics, short-duration gilts and a high-yielding infrastructure trust backed by long-term assets including Sizewell C. He also looks at whether investors can get broader emerging markets exposure without leaning too heavily on China. This month’s funds article speaks to the manager of a small, listed venture capital fund about to place
David Stevenson explores how shifting geopolitics may shape long-term markets, from gold and inflation fears to rising defence spending in Asia. He also highlights a resilient compounding investment trust and why income strategies could regain their appeal in volatile markets. In this month’s funds article, we hazard a few guesses about the long-term impact of
David Stevenson argues the global equity rally is broadening beyond AI and the US, highlighting new opportunities across markets and sectors. He also examines a new Indian equities ETF, revisits HgCapital after its sell-off, and explores how funds can help investors manage downside risk. In this month’s funds article, we examine whether the broad equity
This month’s deep dive into all thing’s funds-related looks at turbulent Japan, why it’s time to become more nervous about gold prices, an under-the-radar UK-listed PE fund that could be a great play on the UK economy, and a fab model portfolio of alternative listed funds from a UK investment bank. Japan – what’s going
David Stevenson reviews an exceptional year in which most asset classes delivered strong returns, challenging assumptions about US market dominance. He also highlights a UK income trust, a Vietnam-focused opportunity, and the striking rise in precious metals, particularly silver. 2025 was a fairly extraordinary year in which nearly all risky assets and markets, including gold,
In this month’s funds column, David Stevenson weighs up whether US equities are truly in an AI bubble and highlights funds and asset classes that can diversify away from concentrated US tech. He also questions the proposed HICL/TRIG merger, favours INPP, and explores the fast-emerging opportunity in defence-focused SpaceTech. Are US equity markets in an
This month’s funds update looks at gold’s powerful long-term record and rising investor optimism.We also revisit a UK digital infrastructure trust and explore why Japanese equities are dazzling under new leadership. I couldn’t resist starting this monthly funds update on gold – and long-term data on its returns. For the record, I believe $ 5,000
This month’s Funds article focuses on the UK economy and the fast-approaching autumn budget. We revisit the benefits of VCTs and suggest a shortlist for further research. We also remind UK investors that the UK stock market hasn’t been a bad bet over the last decade, despite the prevailing sense of gloom and economic frustration.
This month’s funds article explores why the US markets – and funds tracking them – are looking more than a tad top-heavy (think Nvidia and the AI craze). We also explore why investors should probably ignore geopolitics. Plus, we dig around into two very contrasting investment trusts: one that invests in smaller, private British companies