In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to James Cook, fund manager at J.P. Morgan Global Growth and Income (JGGI) and Chris Clothier, co-CIO at CG Asset Management and a manager at Capital Gearing Trust (CGT).
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 regular features, the Circle features a profile of International Public Partnerships (INPP). Future profiles coming soon include City of London (CTY) and Pacific Assets Trust (PAC). A subscription costs £8 a month, or a modest £2 a week.
Equity markets in relatively good form
0:03:57 – Money Makers Circle
0:04:29 – This week’s guests
0:04:57 – Corporate news and announcements
0:10:17 – Summary of results
0:16:01 – Q&A with James Cook
0:20:55 – Enhanced income approach
0:22:29 – The outlook for the global economy
0:27:22 – The valuation spread
0:29:29 – The US ‘Super Seven’
0:33:01 – The UK market
0:35:39 – The outlook from here
0:37:41 – Q&A with Chris Clothier
0:40:44 – Holding US and UK index linked bonds
0:43:21 – Risk assets
0:44:34 – The impact of elections
0:45:46 – Opportunities in the alternatives sector
0:47:25 – Has derating run its course?
0:52:51 – Commercial property sector
0:54:06 – Cost disclosure
0:57:32 – What happens from here
1:01:06 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- 3i Group (III)
- International Public Partnerships (INPP)
- HICL Infrastructure (HICL)
- PRS REIT (PRSR)
- Odyssean Investment Trust (OIT)
- Triple Point Social Housing (SOHO)
- Syncona (SYNC)
- RTW Venture Fund (RTW)
- Digital 9 Infrastructure (DGI9)
- Gresham House Energy Storage (GRID)
- Nippon Active Value Fund (NAVF)
- Abrdn Japan (AJIT)
- Atlantis Japan Growth (AJG)
- European Opportunities Trust (EOT)
- Chrysalis (CHRY)
- ThomasLloyd Energy Impact (TLEI)
- European Smaller Companies (ESCT)
- Fidelity Emerging Markets (FEML)
- Target Healthcare REIT (THRL)
- Ashoka India Equity (AIE)
- JPMorgan Smaller Companies Trust (JMI)
- Pacific Assets Trust (PAC)
- Invesco Perpetual UK Smaller Companies (IPU)
- JPMorgan Multi-Asset Growth and Income (MATE)
- Fidelity Asian Values (FAS)
- Gore Street Energy Storage (GSF)
- LXi REIT (LXI)
- Greencoat UK Wind (UKW)
- The Renewables Infrastructure Group (TRIG)
- Warehouse REIT (WHR)
- Pantheon International (PIN)
- Worldwide Healthcare (WWH)
- Pershing Square Holdings (PSH)
- Smithson Investment Trust (SSON)
- Personal Assets Trust (PNL)
- Capital Gearing Trust (CGT)
- RIT Capital Partners (RCP)
- Grainger REIT (GRI)
- Empiric Student Property (ESP)
- Unite Group (UTG)
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 180 podcasts in the more than three 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.