Not only will the next 12 months be "fascinating" for investors, but according to investment trust authority Jonathan Davis, the UK stock market could do 'quite well' mainly because it's cheap.

While the word "cheap" may sound derogatory, buying low represents opportunity, and with 2024 being an election year in both the U.S. and the UK, investment opportunities may not ride on which parties are elected but what the 'voted in' can do to reinvigorate the economy.

In his wrapping up 2023 conversation with Master Investor's Sarah Lowther, Davis suggests that the direction of interest rates will continue to feature in market making strategies and in terms of his specialty field "things are looking quite good for the UK, wind and other renewable energy, renewable infrastructure trusts" with a hat tip to battery storage trusts, some of which have enjoyed gains of 30% recently.

"It's a very good time to become an investment trust investor", says Davis. "Discounts have widened and that's created all sorts of opportunities. Looking forward, there is at least the hope of some better times ahead."

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