In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, talks to James Carthew, director of QuotedData. We are grateful for the support of J.P. Morgan Asset Management, which enables us to keep the podcast free.
This edition of the podcast was recorded during the week ending Friday 18 August 2023, prior to the latest update from the Board of Ediston Property Investment Company (EPIC) following recent press speculation. It has confirmed it is in advanced discussions with RI UK 1 Limited, a wholly owned indirect subsidiary of Realty Income Corporation, regarding a possible sale of the fund’s property portfolio. There is currently no certainty that a sale of the portfolio will take place, nor as to the final terms on which any such sale might be undertaken. At this time the Board is continuing to conduct its previously announced strategic review and will do so until further notice.
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.
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 will feature a profile of Invesco Perpetual UK Smaller Companies (IPU). Jonathan has also released his video review of the bond market. A subscription costs £8 a month, or a modest £2 a week.
No shortage of worries
00:44 – Review of the week
05:14 – Money Makers Circle
05:30 – This week’s guest
05:42 – Corporate news and announcements
11:43 – Summary of results
16:52 – Q&A with James Carthew
20:10 – Riverstone Energy (RSE)
23:47 – Abrdn Asian trusts merger
26:50 – Long-term viability of Asian trusts
28:21 – ThomasLloyd Energy Impact (TLEI)
34:07 – Ediston Property Investment Company (EPIC)
35:47 – Commercial property sector
38:37 – Renewable energy sector
42:37 – RIT Capital Partners (RCP)
44:06 – HG Capital Trust (HGT)
45:28 – The persistence of discounts
48:29 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- Ediston Property Investment Company (EPIC)
- BH Macro (BHMG)
- Baillie Gifford UK Growth (BHUK)
- Baillie Gifford European Growth (BGEU)
- Baillie Gifford Japan Trust (BGFD)
- Riverstone Energy (RSE)
- Aquila Energy Efficiency Trust (AEET)
- ThomasLloyd Energy Impact (TLEI)
- Abrdn New Dawn (ABD)
- Asia Dragon Trust (DGN)
- Witan Investment Trust (WTAN)
- Georgia Capital (GCAP)
- Temple Bar Investment Trust (TMPL)
- Abrdn Asian Income Fund (AAIF)
- Bluefield Solar Income Fund (BSIF)
- Next Energy Solar Fund (NESF)
- RIT Capital Partners (RCP)
- HG Capital Trust (HGT)
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.