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 (TRY), and James Dawes, finance director at 3i Infrastructure (3IN).
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 BlackRock Smaller Companies (BRSC). Future profiles include Aurora Investment Trust (ARR) and Premier Miton Global Renewables (PMGR). Look out for the latest edition of our new expanded weekly subscriber email which summarises Jonathan’s latest thoughts including some of his most recent trust purchases, and includes a comrehensive summary of all the latest news. The content of that email is also available for subscribers via the website. Finally, an Election Special is planned for release later this month, looking at the likely outcome of the vote and the impact for investors. More details will be announced in due course. A subscription costs £12 a month, or £120 for one year with a two week free trial.
Will they, won’t they?
0:02:08 – This week’s guests
0:02:39 – Summary of results
0:04:09 – Money Makers Circle
0:04:59 – Q&A with Marcus Phayre-Mudge
0:11:39 – TR Property, the trust
0:18:16 – Opportunities in the sector
0:24:40 – Consolidation
0:31:48 – Discounts
0:37:15 – Potential impacts from the upcoming UK election
0:40:19 – Q&A with James Dawes
0:42:22 – A change in strategy
0:46:49 – The market for infrastructure
0:49:03 – Trends in the portfolio
0:50:33 – The discount
0:54:10 – Incentives in the structure
0:55:49 – Looking to the future
0:58:11 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- TR Property (TRY)
- Abrdn New India (ANII)
- Lindell Train Investments (LTI)
- Baillie Gifford UK Growth Trust (BGUK)
- Odyssean Investment Trust (OIT)
- Fidelity China Special Situations (FCSS)
- Custodian REIT (CREI)
- Value and Indexed Property Income (VIP)
- Tritax Eurobox (EBOX)
- UK Commercial Property (UKCM)
- Tritax Big Box (BBOX)
- LondonMetric Property (LMP)
- Custodian RIET (CREI)
- Abrdn Property Income (API)
- Balanced Commercial Property Trust (BCPT)
- Picton Property Income (PCTN)
- Phoenix Spree Deutschland (PSDL)
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 210 podcasts in the 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.