In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to Peter Spiller, manager of Capital Gearing Trust (CGT), and Andrew McHattie, founder and editor of The Investment Trust Newsletter.
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 Greencoat UK Wind (UKW), followed next week by Fidelity European Trust (FEV). Also still to come is Jonathan’s end of quarter review, looking back over the first quarter of 2023. A subscription costs £8 a month, or a modest £2 a week.
A new IPO on the way?
0:00:28 – Review of the week
0:03:11 – This week’s guests
0:04:16 – Summary of results
0:10:05 – Corporate news
0:12:21 – Money Makers Circle
0:13:09 – Q&A with Peter Spiller
0:24:59 – Private equity
0:28:12 – Governance of investment trusts and impact on the sector
0:31:52 – Reasons for wide discounts
0:33:34 – Mergers and consolidation
0:35:20 – Opportunities afforded by wide discounts
0:38:26 – The case for Japanese stocks
0:41:36 – Q&A with Andrew McHattie
0:45:48 – Commercial property sector
0:50:46 – Renewable energy and infrastructure
0:54:34 – Equity trusts
0:58:41 – A potential IPO
1:01:53 – Looking forward this year
1:04:06 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- Industrials REIT (MLI)
- Merchants (MRCH)
- North American Income Trust (NAIT)
- Abrdn Asian Income Fund (AAIF)
- Impax Environmental Markets (IEM)
- Gresham House Energy Storage (GRID)
- Downing Renewables and Infrastructure (DORE)
- SDCL Energy Efficiency Income Trust (SEIT)
- UK Commercial Property REIT (UKCM)
- Octopus Renewables Trust (ORIT)
- Syncona (SYNC)
- Aquila European Renewables (AERI)
- Capital Gearing Trust (CGT)
- RIT Capital Partners (RCP)
- Scottish Mortgage Trust (SMT)
- Home REIT (HOME)
- Pershing Square Holdings (PSH)
- Polar Capital Technology (PCT)
- Allianz Technology Trust (ATT)
- Chrysalis Investments (CHRY)
- Schiehallion Fund (MNTN)
- Regional REIT (RGL)
- Impact Healthcare REIT (IHR)
- Target Healthcare REIT (THRL)
- Hydrogenone (HGEN)
- HICL Infrastructure (HICL)
- BBGI Global Infrastructure (BBGI)
- Baillie Gifford China Growth (BGCG)
- Fidelity China Special Situations (FCSS)
- Mercantile Investment Trust (MRC)
- Ashoka India Equity Investment Trust (AIE)
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.