Jonathan Davis, editor of the Investment Trusts Handbook, is joined in this week’s edition of the Money Makers Weekly Investment Trust podcast by Simon Barnard, manager of the Smithson Investment Trust (SSON).
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. This week, as well as the regular features, the Circle features a profile of the Baillie Gifford Japan Trust (BGFD). A subscription costs £8 a month, or a modest £2 a week.
More trouble at HOME
00:28 – This week’s guest
01:06 – Who’s coming on in future weeks
01:23 – Money Makers Circle
02:03 – Review of the week
02:45 – Corporate news
07:57 – Results summary
10:24 – Q&A with Simon Barnard
14:08 – Core metrics at the end of 2022
17:12 – Have investors got it wrong?
19:14 – The current environment for growth investing
22:06 – Resilience of companies to recession or entrenched inflation
23:49 – Portfolio changes
28:20 – New acquisitions
31:51 – The impact of the dollar
33:13 – The investment trust and share buy backs
35:45 – The fee structure
36:14 – Plans for 2023
37:13 – Understanding the company
39:36 – The core message to shareholders in the trust
41:21 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- BH Macro (BHMG)
- Home REIT (HOME)
- Abdrn Smaller Companies Income Trust (ASCI)
- Shires Income (SHRS)
- Aquila Energy Efficiency Trust (AEET)
- Brunner Investment Trust (BUT)
- Herald Investment Trust (HRI)
- Riverstone Credit Opportunities Income (RCOI)
- City of London Investment Trust (CTY)
- Diverse Income Trust (DIVI)
- Brown Advisory (BASC)
About Money Makers
We are an independent research and publishing venture committed to providing high-quality investment information and resources. You can sign up below to be notified about the latest podcasts by email as soon as they become available. Please note that the podcasts should not be regarded as personal financial advice, but are provided for information and background only. We are very grateful for your continued support and the enthusiastic response to our over 140 podcasts in the more than two and a half years since launch.
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.