In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to Anthony Leatham, head of investment trust research at Peel Hunt, and Peter Hewitt, manager of the CT Global Managed Portfolio Trust (CMPG/CMPI).
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 JPMorgan Emerging Markets (JMG), followed next week by Greencoat UK Wind (UKW). Subscribers can also still listen to last week’s Q&A with Sandy Nairn, the manager of the Global Opportunities Trust (GOT), and Jonathan’s end of quarter video review is due out in the coming days. A subscription costs £8 a month, or a modest £2 a week.
End of a turbulent quarter
0:00:29 – Review of the week
0:03:14 – This week’s guests
0:04:10 – Money Makers Circle
0:05:00 – Summary of results and announcements
0:12:06 – Q&A with Anthony Leatham
0:17:07 – Private equity discounts and buybacks
0:20:05 – Most active buyback trusts
0:22:03 – Outlook for discount controls
0:26:04 – Baillie Gifford/Scottish Mortgage Trust (SMT)
0:34:26 – What drives discounts/outlook
0:37:07 – Q&A with Peter Hewitt
0:41:39 – Alternative asset trusts
0:43:27 – Commercial property
0:47:16 – The growth portfolion and Scottish Mortgage Trust (SMT)
0:53:29 – Other Baillie Gifford trusts
0:55:55 – Style shift
0:59:18 – The largest holdings
1:00:18 – The income portfolio
1:02:10 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- Global Opportunities Trust (GOT)
- BH Macro (BHMG)
- International Public Partnerships (INPP)
- BB Global Infrastructure (BBGI)
- VH Global Sustainable Energy Opportunities (GSEO)
- Regional REIT (RGL)
- Schiehallion Fund (MNTN)
- CT Private Equity (CTPE)
- RTW Venture Fund (RTW)
- BlackRock Latin America (BRLA)
- Pershing Square Holdings (PSH)
- JPMorgan America (JAM)
- Fidelity Japan (FJV)
- Pantheon International (PIN)
- Witan Investment Trust (WTAN)
- Martin Currie Global Portfolio Trust (MNP)
- Scottish Mortgage (SMT)
- Monks Investment Trust (MNKS)
- Capital Gearing Trust (CGT)
- Personal Assets Trust (PNL)
- Troy Income and Growth (TIGT)
- MIGO Opportunities Trust (MIGO)
- Rights and Issues Investment Trust (RIII)
- RIT Capital Partners (RCP)
- HarbourVest Global Private Equity (HVPE)
- 3i Infrastructure (3IN)
- Pantheon Infrastructure (PINT)
- Cordiant Digital Infrastructure (CORD)
- Digital 9 Infrastructure (DGI9)
- Octopus Renewables Infrastructure Trust (ORIT)
- Residential Secure Income REIT (RESI)
- Sequoia Economic Infrastructure Fund (SEQI)
- BioPharma Credit (BPCR)
- Greencoat UK Wind (UKW)
- The Renewables Infrastructure Group (TRIG)
- Supermarket Income REIT (SUPR)
- Impact Healthcare REIT (IHR)
- Aberforth Smaller Companies Trust (ASL)
- Lowland Investment Trust (LWI)
- Murray International Trust (MYI)
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 150 podcasts in the nearly three 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.