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 Duncan MacInnes, manager of the Ruffer Investment Company (RICA), and Richard Staveley, lead manager at Rockwood Strategic (RKW).
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 decent performance
0:03:08 – This week’s guests
0:04:07 – Corporate news and announcements
0:06:20 – Money Makers Circle
0:07:10 – Q&A with Duncan MacInness
0:20:00 – The RICA portfolio
0:23:10 – Gold and bitcoin
0:26:58 – Japan and the yen
0:31:21 – China
0:33:22 – Weigting in US equities
0:37:34 – Looking to 2024
0:38:53 – Q&A with Richard Staveley
0:46:39 – The issue of a lack of liquidity
0:50:50 – Reform of the UK equity market
0:58:03 – Biggest contributors
1:00:44 – Trust growth ambitions
1:05:18 – Risks in a concentrated portfolio
1:10:52 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- CC Japan Income and Growth (CCJI)
- Troy Income and Growth (TIGT)
- Asian Energy Impact (AEIT)
- Oakley Capital Investments (OCI)
- ICG Enterprise Trust (ICGT)
- 3i Infrastructure (3IN)
- Taylor Maritime (TMI)
- J.P.Morgan Multi Asset Growth and Income (MATE)
- J.P.Morgan Global Growth and Income (JGGI)
- Hipgnosis Songs Fund (SONG)
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.