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 Richard Pindar, CEO of Book Asset Management which is the manager of Literacy Capital (BOOK), and Ewan Lovett-Turner, head of investment trust research at Deutsche Numis.
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, there is no profile due to the Easter break, but future profiles to look out for include Chrysalis Investments (CHRY), STS Global Income & Growth (STS), and Artemis Alpha (ATS). 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.
Mixed performance between the indices
0:01:15 – Review of the week
0:02:59 – Corporate news and announcements
0:04:09 – Summary of results
0:05:35 – Money Makers Circle
0:07:12 – J.P.Morgan Global Growth and Income (JGGI)
0:07:49 – Q&A with Richard Pindar
0:09:59 – Reducing the discount
0:12:40 – B share scheme
0:18:06 – Liquidity
0:19:37 – The private equity market in general
0:23:37 – Realising investments in the portfolio
0:27:36 – Portfolio concentration
0:30:53 – UK economy impacts on investments
0:37:08 – Q&A with Ewan Lovett-Turner
0:40:03 – An end to the buyers’ strike?
0:41:17 – Disappointment for alternatives and renewables
0:47:01 – Private equity
0:53:29 – Scottish Mortgage Trust (SMT)
0:55:50 – Consolidation
1:00:22 – Looking ahead
1:03:07 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- Hipgnosis Songs Fund (SONG)
- BlackRock World Mining (BRWM)
- Abrdn Property Income (API)
- Custodian Property Income (CREI)
- TR Property (TRY)
- Manchester and London (MNL)
- Scottish Mortgage Trust (SMT)
- Nippon Active Value Fund (NAVF)
- VH Global Sustainable Energy Opportunities (GSEO)
- Temple Bar (TMPL)
- Invesco Bond Income Plus (BIPS)
- Pantheon Infrastructure (PINT)
- Dunedin Income and Growth (DIG)
- CT Private Equity (CTPE)
- Baillie Gifford China Growth (BGCG)
- Merchants Trust (MRCH)
- North American Income Trust (NAIT)
- Schiehallion (MNTN)
- Downing Strategic Micro-Cap (DSM)
- Third Point Investors (TPOU)
- Princess Private Equity (PEY)
- Literacy Capital (BOOK)
- RTW Biotech Opportunities (RTW)
- Hydrogenone Capital Growth (HGEN)
- European Opportunities Trust (EOT)
- Polar Capital Technology (PCT)
- Allianz Technology Trust (ATT)
- J.P.Morgan American (JAM)
- J.P.Morgan Global Growth and Income (JGGI)
- Martin Currie Global Portfolio (MNP)
- Alliance Trust (ATST)
- Abrdn Diversified Income and Growth (ADIG)
- RIT Capital Partners (RCP)
- Caledonia Investments (CLDN)
- Gresham House Energy Storage (GRID)
- Harmony Energy Income Trust (HEIT)
- Digital 9 Infrastructure (DGI9)
- Life Science REIT (LABS)
- Regional REIT (RGL)
- Seraphim Space (SSIT)
- Chrysalis (CHRY)
- Abrdn Private Equity Opportunities (APEO)
- 3i Group (III)
- HgCapital (HGT)
- Georgia Capital (CGEO)
- TwentyFour Select Monthly Income (SMIF)
- Pantheon International (PIN)
- HarbourVest Global Private Equity (HVPE)
- Oakley Capital (OCI)
- GCP Asset Backed Income (GABI)
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.