In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, reviews the week in the markets and speaks to Marcus Phayre-Mudge, manager of TR Property, and John Singer, chairman of Pantheon International (PIN), in the first part of a longer conversation looking at the issues facing listed private equity trusts.
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 usual features, the Circle features a profile of the Sequoia Economic Infrastructure Income (SEQI). Future profiles include J.P.Morgan Japanese (JFJ) and Gore Street Energy Storage (GSF). Remember to look out for the latest edition of our new expanded weekly subscriber email which summarises Jonathan’s latest thoughts and all the regular features available in the Circle. A subscription costs £8 a month, or a modest £2 a week.
Please note that the content of the email is also available if you are a subscriber and log in to the website. Some subscribers are temporarily not receiving the email, but this should be fixed shortly.
Another merger proposal
0:02:53 – Summary of results
0:04:25 – Money Makers Circle
0:05:11 – This week’s guests
0:06:09 – Q&A with Marcus Phayre-Mudge
0:15:51 – The proposed LXi and LondonMetric deal
0:18:38 – Thoughts on the property sector
0:23:31 – TR Property
0:27:22 – Cost disclosure
0:29:27 – Close
0:29:44 – Q&A with John Singer (Part 1)
0:32:48 – Investment trusts and history
0:37:44 – The issue of discounts
0:43:39 – Perceptions of private equity
0:47:08 – Accuracy of net asset values
0:58:26 – Variations in different listed private equity vehicles
1:03:38 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- Tufton Oceanic Assets (SHIP)
- Custodian Property Income REIT (CREI)
- Abrdn Property Income (API)
- Bankers Trust (BNKR)
- Edinburgh Worldwide (EWI)
- Home REIT (HOME)
- TR Property (TRY)
- LondonMetric (LMP)
- LXi REIT (LXI)
- UK Commercial Property (UKCM)
- Literacy Capital (BOOK)
- HgCapital (HGT)
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 over 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.