In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to Andrew McHattie, editor of the Investment Trusts Newsletter and Charles Luke, manager of the Murray Income Trust (MUT).
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, including now the Money Makers YouTube channel. We are grateful for the support of J.P. Morgan Asset Management, which enables us to keep the podcast free.
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 International Biotechnology Trust (IBT). Future profiles coming soon include BlackRock Greater Europe (BRGE) and VinaCapital Vietnam Opportunity (VOF). A subscription costs £8 a month, or a modest £2 a week.
A bumper week for results and announcements
0:01:35 – Investment Trusts Handbook 2024
0:02:41 – This week’s guests
0:03:50 – Review of the week
0:06:03 – Q&A with Andrew McHattie
0:12:12 – Proposed mergers
0:19:27 – Other trusts in the news
0:35:38 – Continuation votes
0:44:43 – The continuing theme of continuation votes, mergers, etc.
0:47:15 – Q&A with Charles Luke
0:50:01 – The catalyst for change in the UK market
0:51:51 – How Murray Income differs from others in the sector
0:54:50 – The impact of ESG on performance
0:57:42 – The portfolio
1:01:12 – Dividends and income
1:05:18 – The discount and gearing
1:07:33 – Consolidation opportunities
1:08:43 – Why invest in Murray Income?
1:10:59 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- Worldwide Healthcare (WWH)
- TR Property (TRY)
- Abrdn New India (ANII)
- HICL Infrastructure (HICL)
- STS Global Income and Growth (STS)
- Troy Income and Growth (TIGT)
- Fidelity China Special Situations (FCSS)
- Abrdn China Investment Company (ACIC)
- Asian Energy Impact (AEIT)
- Home REIT (HOME)
- Digital 9 Infrastructure (DGI9)
- Chrysalis (CHRY)
- Schiehallion Fund (MNTN)
- Augmentum Fintech (AUGM)
- Manchester and London (MNL)
- Keystone Positive Change (KPC)
- Abrdn European Logistics Income (ASLI)
- Tritax EuroBox (EBOX)
- Vietnam Holding (VNH)
- JLEN Environmental Assets (JLEN)
- Oakley Capital (OCI)
- Bluefield Solar Income Fund (BSIF)
About Money Makers
We are an editorially 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 nearly 190 podcasts in the more than 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.