Unlock the best-kept secret in investing.

This book is your essential guide to one of the most powerful yet overlooked tools for building long-term wealth.

Investment trusts are an innovative and accessible investment vehicle, and they hold a long and successful performance history.

Mick Gilligan – renowned expert on investment trusts and partner at Killik & Co – explains how these funds work through the lens of an investment trust investor. He examines their their risks and benefits, why they outperform, and how you can use them to grow your portfolio.

From their history and structure to key principles like compounding, diversification, and market pricing, Gilligan makes complex ideas simple with clear explanations and practical examples.

Whether you are saving for a particular goal, planning towards retirement or simply maximising your capital, investment trusts are the fundamental tool for building wealth over time.

They should be a part of all serious portfolios for long-term investors, and Investment Trusts Explained is your essential manual to capitalising on their potential.

Mick Gilligan is a partner at Killik & Co, the award-winning wealth management firm. He is part of Killik & Co’s award-winning fund research team and is responsible for the firm’s Managed Portfolio Strategy, a discretionary service, invested in funds. Mick is a CFA Charterholder, a Chartered Fellow of the Chartered Institute for Securities & Investments, a Certified Financial Technician and holds the Certificate in Investment Performance Measurement. Mick manages portfolios using a fund-based approach and is a specialist in investment trusts which he explains to readers in his book Investment Trusts Explained (2025). He is frequently quoted in the financial press regarding investment trusts.