Jonathan Davis, editor of the Investment Trusts Handbook, is joined in this week’s edition of the Money Makers Weekly Investment Trust podcast by Ewan Lovett-Turner, head of investment trust research at Numis Securities.
You can listen to this week’s podcast in full on the audio players below. Alternatively, you can subscribe and download it on most podcast channels including Soundcloud, Apple, Spotify, Stitcher and others.
If you enjoy the weekly podcast, you may also find value in joining The Money Makers Circle. This is a membership scheme that offers subscribers an opportunity to receive additional premium content, including interviews, investment trust performance data, market/portfolio reviews and regular extracts from the editor’s notebook. In addition to the regular features, this week the Circle features a profile of Monks (MNKS). A subscription costs £8 a month, or a modest £2 a week.
New year gets off to on a positive start
00:37 – The markets this week
04:22 – Introducing Ewan Lovett-Turner
04:46 – Looking back at 2022
09:41 – Anything distinctive about last year’s winners and losers over previous years?
10:53 – Post-pandemic anomaly
12:55 – The impact of bond yields on alternative assets
16:29 – The alternatives sector moving to a discount
19:04 – Issuance figures
23:05 – Will there be trusts that are now unable to raise expected money?
26:27 – Consolidation in the equity investment trust sector
29:44 – The latest from Home REIT (HOME)
32:48 – Sell-off in RIT Capital Partners (RCP)
37:18 – Discount opportunities
47:01 – Opportunities in alternatives
55:22 – Money Makers Circle
55:50 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- Aberforth Smaller Companies Trust (ASL)
- Abrdrn Latin American Income (ALAI)
- Allianz Technology Trust (ATT)
- Artemis Alpha (ATS)
- Bellevue Healthcare Trust (BBH)
- BH Macro (BHMG)
- BioPharma Credit (BPCR)
- Biotech Growth Trust (BIOG)
- BlackRock Smaller Companies (BRSC)
- Bluefield Solar Income Fund (BSIF)
- Capital Gearing Trust (CGT)
- Chrysalis Investment Trust (CHRY)
- City of London Investment Trust (CTY)
- Civitas Social Housing (CSH)
- Edinburgh Worldwide Investment Trust (EWI)
- Greencoat UK Wind (UKW)
- Henderson Smaller Companies Trust (HSL)
- HG Capital Trust (HGT)
- HICL Infrastructure (HICL)
- Hipgnosis Songs Fund (SONG)
- Home REIT (HOME)
- International Biotech (IBT)
- International Public Partnerships (INPP)
- JPMorgan Emerging Europe, Middle East, and Africa (JEMA)
- JPMorgan Indian (JII)
- Law Debenture (LWDB)
- LXi REIT (LXI)
- Merchants Investment Trust (MRCH)
- Monks Investment Trust (MNKS)
- Oakley Capital (OCI)
- Odyssean Investment Trust (OIT)
- Personal Assets Trust (PNL)
- Polar Capital Technology Trust (PCT)
- RIT Capital Partners (RCP)
- Riverstone Energy (REL)
- Ruffer Investment Company (RICA)
- Schiehallian Fund (MNTN)
- Schroder Japan Growth (SJG)
- Schroder Real Estate (SREI)
- Schroder Real Estate (SREI)
- Scottish Mortgage Investment Trust (SMT)
- Smithson Investment Trust (SSON)
- Supermarket Income REIT (SUPR)
- Syncona (SYNC)
- Templeton Emerging Markets (TEM)
- The Renewables Infrastructure Group (TRIG)
- TR Property (TRY)
- Triple Point Social Housing (SOHO)
- TwentyFour Income Fund (TFIF)
- TwentyFour Select Monthly Income Fund (SMIF)
About Money Makers
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Disclosures about the editor’s personal holdings of investment trusts can be found here. Our podcasts are also available on the Association of Investment Companies website (www.theaic.co.uk) and Doceo (doceo.tv). The producer of the podcasts is the brilliant Ben Gamblin – more details on him here.