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 Craig Baker, chair of the investment committee at the Alliance Trust, and James Carthew, director of QuotedData.
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.
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Budget week
0:01:49 – Corporate news, announcements, and results
0:02:42 – This week’s guests
0:06:49 – Money Makers Circle
0:07:29 – Q&A with Craig Baker
0:10:10 – The annual results
0:14:25 – Exposure to the Magnificent Seven and contributors to outperformance
0:18:24 – Style bias in the portfolio
0:21:08 – Departure of Ben Whitmore
0:23:22 – The UK equity market
0:25:06 – Concentration in global equity markets
0:28:29 – The importance of private investors
0:29:41 – Gearing
0:32:06 – Cost disclosure
0:33:46 – The outlook for global equities
0:35:06 – Q&A with James Carthew
0:36:23 – The Budget
0:38:10 – Alliance Trust (ATST) and F&C Investment Trust (FCIT)
0:40:58 – RIT Capital (RCP)
0:44:13 – The renewables sector
0:50:42 – Digital 9 Infrastructure (DGI9)
0:52:52 – Hipgnosis Songs Fund (SONG)
0:56:42 – Bids for Abrdn Property Income (API)
0:59:45 – The Master Investor Show
1:00:59 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- BlackRock World Mining (BRWM)
- Premier Miton Global Renewables (PMGR)
- Bellevue Healthcare (BBH)
- Alliance Trust (ATST)
- F&C Investment Trust (FCIT)
- Mobius Investment Trust (MMIT)
- Tetragon Financial (TFG)
- APAX Global Alpha (APAX)
- Greencoat Renewables (GRP)
- RIT Capital (RCP)
- Asian Energy Impact Trust (AEIT)
- Hipgnosis Songs Fund (SONG)
- Digital 9 Infrastructure (DGI9)
- GCP Asset Backed Income (GABI)
- Triple Point Energy Transition (TENT)
- Smithson (SSON)
- Custodian Property Income REIT (CREI)
- Abrdn Property Income (API)
- Urban Logistics (SHED)
- UK Commercial Property (UKCM)
- Tritax Big Box (BBOX)
- Abrdn China (ACIC)
- Fidelity China Special Situations (FCSS)
- SDCL Energy Efficiency Income Trust (SDCL)
- NextEnergy Solar (NESF)
- 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 more than 200 podcasts in the almost four 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.