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 Kenneth MacKenzie, founder and manager of Target Healthcare REIT (THRL), and John Singer, chairman of Pantheon International (PIN).
You can listen to this week’s podcast in full on the audio player below. Alternatively, you can subscribe via our YouTube channel, and at most podcast platforms including Apple Podcasts, Spotify, and Soundcloud. 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 risk-off start to September
0:01:17 – Review of the week
0:03:53 – Corporate news and announcements
0:08:42 – Money Makers Circle
0:09:23 – Q&A with Kenneth MacKenzie
0:13:10 – The business model
0:15:31 – The supply of purpose-built real estate
0:17:43 – Income generation and quality control
0:20:42 – Assessing investment trust performance
0:22:02 – Inflation linkage
0:23:53 – Potential for government changes to social care
0:26:55 – The discount
0:31:35 – Gearing
0:32:29 – Restrictions on issuing shares at a discount to NAV
0:34:18 – Income and dividend paying capacity
0:35:56 – Q&A with John Singer
0:58:10 – The cost disclosure issue
1:02:56 – The impact of potential changes from the new government
1:04:34 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- Target Healthcare REIT (THRL)
- Pantheon International (PIN)
- Balanced Commercial Property Trust (BCPT)
- BBGI Global Infrastructure (BBGI)
- HICL Infrastructure (HICL)
- International Public and Private Partnerships (IPP)
- Tritax Eurobox (EBOX)
- PRS REIT (PRSR)
- Capital Gearing Trust (CGT)
- J.P.Morgan Global Core Real Assets (JARA)
- Artemis Alpha (ATS)
- Aurora (ARR)
- Digital 9 Infrastructure (DGI9)
- abrdn UK Smaller Companies Growth Trust (AUSC)
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 over 220 podcasts in the over 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.