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 Peter Spiller, manager of Capital Gearing Trust (CGT), about the challenges facing the health of the investment trust sector at present and the trusts where he is looking for improved governance.
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 Majedie Investments (MAJE). Future profiles include Brown Advisory US Smaller Companies (BASC) and Rights and Issues (RIII). Remember to look out for the latest edition of our new expanded weekly subscriber email which summarises Jonathan’s latest thoughts along with a new list of his favourite funds, and includes all the regular features available in the Circle. The content of that email is also available for subscribers via the website. A subscription costs £12 a month, or £120 for one year with a two week free trial.
Consolidation continues with a proposed new merger
01:41 – Review of the week
03:04 – Money Makers Circle
03:29 – Summary of results
04:37 – Corporate news and announcements
06:32 – Q&A with Peter Spiller
11:52 – The importance of boards
21:00 – The continuation vote mechanism
25:46 – The IPO process, board composition, and board governance
27:31 – Liquidity in alternative assets
34:08 – An opportunity for investors
36:38 – The UK market in general
37:53 – Grounds for optimism
38:43 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- Allianz Technology (ATT)
- Manchester and London (MNL)
- AVI Japan Opportunity (AJOT)
- Canadian General Investments (CGI)
- HgCapital (HGT)
- Schroder Asian Total Return (ATR)
- Henderson European Focus (HEFT)
- Henderson Eurotrust (HNE)
- Custodian Property Income REIT (CREI)
- Troy Income and Growth (TIGT)
- STS Global Income and Growth (STS)
- GCP Asset Backed Income (GABI)
- Scottish Mortgage (SMT)
- Capital Gearing Trust (CGT)
- Smithson (SSON)
- BH Macro (BHMG)
- NextEnergy Solar (NESF)
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.