In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, talks to Duncan MacInnes, manager of the Ruffer Investment Company (RICA). Simon Elliott, client director at JPMorgan Asset Management and former co-host and co-founder of the podcast also returns after about a year off the show.
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, Google, and others. For any listeners who have subscribed via Stitcher, please note that service has announced it will be discontinued. Please resubscribe through one of the other channels.
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A bounce for the investment trusts sector
0:00:29 – This week’s guests
0:01:39 – Sponsorship of the podcast
0:03:53 – The markets this week
0:07:20 – Announcements and results
0:13:58 – Corporate news
0:16:36 – Money Makers Circle
0:16:54 – Q&A with Duncan MacInnes
0:22:49 – Are markets losing touch with reality?
0:26:58 – Portfolio changes
0:29:33 – Thinking on commodities
0:32:13 – The demand for bonds
0:36:35 – Reaction to the derating of investment trusts
0:39:22 – Trust performance before and after crises
0:41:23 – The impact of politics
0:43:24 – Q&A with Simon Elliott
0:45:31 – Cause for the week’s investment trusts sector bounce
0:47:34 – How bad is a fifteen percent discount historically?
0:49:23 – Selecting funds which may bounce back the fastest
0:52:26 – Consolidation
0:55:01 – The UK and sterling
0:56:28 – Share buybacks
0:59:19 – Upcoming trust losses in the sector
1:00:44 – Diverting to the cricket… and Barry Manilow
1:03:39 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- TR Property (TRY)
- Tritax Big Box (BBOX)
- Warehouse REIT (WHR)
- Polar Capital Technology (PCT)
- TwentyFour Income Fund (TFIF)
- Gore Street Energy Storage (GSF)
- 3i Group (III)
- Brunner Investment Trust (BUT)
- Herald Investment Trust (HRI)
- Asia Dragon Trust (DGN)
- Abrdn New Dawn (ABD)
- Scottish Mortgage (SMT)
- LXi REIT (LXI)
- VH Global Sustainable Energy Opportunities Trust (GSEO)
- CT Property Trust (CTPT) / London Metric Property (LMP)
- JPMorgan Global Growth and Income (JGGI)
- JPMorgan American (JAM)
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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.