James Carthew reviews an extraordinary 12 months of the Trump administration and other global political developments in Jonathan Davis’ The Investment Trusts Handbook 2026:
“Generally, the small-cap revival that we have seen in Europe has not been echoed in the UK, although some trusts have done well for stock-specific reasons (often takeover-related). Here, the star performer is Temple Bar, as its value-driven style has paid off for another year, driving it to the top of the performance table. Remarkably, its managers feel that the stocks it holds still look cheap, relative to the rest of the UK market and to equivalents in other markets.”
Read the article here