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 Tim Levene, CEO of Augmentum Fintech (AUGM), and Thomas McMahon, head of investment trust research at Kepler Partners.
Jonathan’s conversation with Tim Levene was conducted from a cafe and is therefore noisier than normal.
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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A flat week following Federal Reserve interest rate predictions
0:02:03 – Review of the week
0:05:38 – Summary of results
0:07:08 – Money Makers Circle
0:07:40 – Corporate news and announcements
0:09:01 – Q&A with Tim Levene
0:12:45 – The impact of continuing wide discounts
0:16:41 – Share buybacks and cash reserves
0:19:43 – Suffering from the UK equity market ‘disease’
0:26:15 – Exposure to AI
0:37:47 – Looking at the portfolio
0:41:20 – Q&A with Thomas McMahone
0:50:14 – ASIT and split level trusts
0:58:50 – The UK micro cap sector
1:03:51 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- India Capital Growth Fund (ICG)
- J.P.Morgan China Growth and Income (JCGI)
- Hipgnosis Songs Fund (SONG)
- Phoenix Spree Deutschland (PSDL)
- Digital 9 Infrastructure (DGI9)
- Gresham House Energy Storage Fund (GRID)
- Black Rock Greater Europe (BRGE)
- Keystone Positive Change (KPC)
- Abrdn Private Equity Opportunities (APEO) / Patria Private Equity (PPET)
- Tritax Big Box (BBOX)
- UK Commercial Property (UKCM)
- European Assets Trust (EAT)
- Global Smaller Companies Trust (GSCT)
- Balanced Commercial Property Trust (BCPT)
- Custodian REIT (CREI)
- Picton Property Income (PCTN)
- Aberforth Split Level Income Trust (ASIT)
- Ashoka India Equity (AIE)
- Rockwood Strategic (RKW)
- J.P.Morgan Global Growth and Income (JGGI)
- Miton UK MicroCap Trust (MINI)
- River and Mercantile UK Micro Cap (RMMC)
About Money Makers
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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.