A definitive guide to the sector

The Investment Trusts Handbook, now in it is fourth edition, is an annual educational guide to the investment trust sector. Running each year to some 280 pages of text and data, it is a comprehensive and must have companion for anyone interested in understanding what were once called “the City’s best kept secret” but are now increasingly popular with private investors. Investment trusts are  the connoisseur’s choice for creating both diversified global portfolios and accessing specialised investment areas such as technology, infrastructure, healthcare and renewable energy.

For more information about the handbook, follow these links:

With 25 articles by more than a dozen different authors, including analysts, fund managers and investment writers, and edited by independent financial author and expert Jonathan Davis, the handbook is an indispensable companion for anyone looking to invest in the investment trusts arena. Contributors this year include Robin Angus, John Baron, George Barrow, David Benamou, Alan Brierley, Nick Brind, Hamish Burchan, James Carthew, Tim Cockerill, Simon Crinage, Sandy Cross, Alex Davies, Simon Elliott, David Johnson, Max King, Ewan Lovett-Turner, Sam Morse, Paul Major, Harry Nimmo, Charles Plowden, Walter Price and Peter Spiller.

As well as expert commentary, the handbook, now in its fourth year, includes an introduction to analysing investment trusts and more than 50 pages of updated tables and data, including a detailed study of how all investment trusts on the London market behaved during the pandemic-induced market sell-off in February-March 2020 and the subsequent recovery. More than 90% of the content this year is new or completely revised and updated from the last edition.

To order the book now ahead of its publication in the first week of December simply follow this link.


“For detailed practical investing advice, Jonathan Davis has just produced his latest edition of the Investment Trusts Handbook… And if one feature of our coming bear market is that we will encounter opportunities to pick up good trusts at wide discounts to their net asset value, you might as well get ahead of the knowledge game now.”

Merryn Somerset Webb, Editor-in-chief, MoneyWeek writing in the Financial Times

“The handbook is headed up by editor Jonathan Davis. He is a prolific stock market commentator and the author of three books… A former columnist for The Independent and the Financial Times, he is also a senior advisor to wealth manager Saunderson House and a non executive director of the Jupiter UK Growth Trust. Davis himself contributes to the introduction to the book, as well as a section in the Investment Trust Basics chapter, before letting several experienced industry professionals give their own expert guidance.”

Master Investor

“Investment trusts are steadily gaining profile and traction among private investors, so it’s very good to see the latest edition of Jonathan Davis’s wide-ranging and insightful guide to the world of closed- ended funds. It includes lots of valuable practical stuff, but it’s also a great way to get inside the minds of some of the key professionals running them, including both the old guard and the next generation of management talent.”

Faith Glasgow, Editor, Money Observer

“This book is essential reading if you are serious about long term investing and want to use investment trusts to gain exposure to different parts of the market. It is very easy to read with bite-sized chapters covering a wide range of topics. These include the basics of investment trusts and thoughts on investing by various fund managers and industry experts.”

Daniel Coatsworth, Shares Magazine

“Jonathan’s latest book is The Investment Trusts Handbook 2019, described as a must-have compendium which provides investors of all kinds with a wide range of insights into how to invest in investment trusts – often referred to as the City’s best-kept secret.”

Informed Choice Radio

“The book offers a unique insight into the industry and provides investors with a wealth of interesting views and ideas.”

Annabel Brodie-Smith, Communications Director, Association of Investment Companies

“This is truly the definitive guide on the market right now.”

Master Investor

“This Handbook is weighty but nonetheless an approachable compendium. It includes opinions and insights from experienced investors, veteran analysts and shrewd commentators, ably hosted by Jonathan Davis as village guide and companion. As such, I think the book fills a calm and valuable gap between data and dense analytics on the one hand – and the daily babble of market noise on the other.”

Piers Currie, Special Adviser, Aberdeen Standard Investments

Interviews about the Handbook

Here are some of the interviews I have done about this year’s handbook

Proactive Investors (a video with Katie Pilbeam)

Interactive Investor (podcast with Kyle Caldwell, from 4+ minutes)

The Investment Trusts Handbook 2020 is an editorially independent educational publication, available through bookshops and online. The publication is supported by: Aberdeen Standard Investments, Axiom International. Baillie Gifford, Bellevue Asset Management,  Fidelity International, J.P.Morgan and Polar Capital. We share an interest in spreading awareness and understanding of investment trusts as an option for self-directed investors and financial advisers.

Ready to order now

ITHB cover 2021

To order a copy of the hardback or digital e-book please follow this link or simply click on the front cover image above.

Jonathan Davis

Jonathan Davis

Founder and Editor

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