<p>It&#8217;s that time of the year again. The ninth edition of <em>The Investment Trusts Handbook</em> has just been published. It is edited, as always, by Jonathan Davis, my business partner at Money Makers.</p>
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<p>Regular readers will probably know the usual format by now. The hardcover version retails at £29.99, but thanks to the Handbook&#8217;s sponsors, the e-book/Kindle version is free.</p>
<p>Jonathan reviews the last year, with detailed thoughts on how the sector has been tackling discounts and Saba Capital, the activist investor that has taken large stakes in many trusts and sought to oust several boards of directors. Other reviews are provided by Hawksmoor&#8217;s Ben Conway, regarding cost disclosure (where just this week we had <a href="https://www.theaic.co.uk/aic/news/press-releases/new-cci-rules-victory-for-common-sense">some promising news</a>), James Carthew on geopolitics and AI, and Andrew HcHattie, looking at the many trusts where we have seen corporate action.</p>
<p>There are two forums &#8212; one with investors and one with trust chairs &#8212; with the latter providing a useful perspective that private investors don&#8217;t often appreciate. Themeatic chapters are written by Tom Treanor of AVI, Simon Elliott of JPMorgan, and ex-MIGO manager Nick Greenwood, among others. There are also chapters on UK and Indian equities, private equity, Asia, and the US. Daniel Summerland of Fidelity also provides a useful introduction on how private investors can begin to incorporate AI into their own research.</p>
<p>The Handbook concludes with around 80 pages of data, covering long-term performers and long-serving managers, big issuers and returners of capital, discount control policies, enhanced dividend payers, directors with the most &#8216;skin in the game&#8217;, and much more.</p>
<p>You can order a copy by visiting <a href="https://harriman-house.com/authors/jonathan-davis/the-investment-trusts-handbook-2026/9781804094358">the Harriman House website</a>.</p>
 
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<h3>Disclaimer</h3>
<p>Please note that I may own some of the investments mentioned above -- you can see my current holdings on <a href="https://www.itinvestor.co.uk/portfolio/">my portfolio page</a>. </p>
<p>Nothing on this website should be regarded as a buy or sell recommendation as I'm just a random person writing a blog in his spare time and I am not authorised to give financial advice. Always do your own research and seek financial advice if necessary!</p>


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