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 Dominic Scriven, founder and chairman of Dragon Capital, the investment advisor to Vietnam Enterprise Investments (VEIL), and Ian Lance, co-manager of the Temple Bar Investment Trust (TMPL).
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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Markets enter a risk-off mode given Middle East tensions
0:01:48 – Review of the week
0:04:17 – Corporate news and summary of results
0:07:50 – Money Makers Circle
0:09:04 – Q&A with Dominic Scriven
0:13:27 – Restrictions on foreign investment
0:16:30 – Transitioning to emerging market status
0:18:36 – Reasons to invest in Vietnam as a country
0:27:21 – Geopolitical risks
0:37:12 – Addressing VEIL’s discount
0:43:25 – Q&A with Ian Lance
0:48:43 – The trust’s discount policy
0:49:20 – Mergers and acquisitions
0:54:26 – Share buybacks
0:59:49 – Sectoral headwinds
1:01:23 – The case for TMPL shares
1:03:39 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- Hipgnosis Songs Fund (SONG)
- Fair Oaks Income (FAIR)
- Schroder Japan (SJG)
- UK Commercial Property (UKCM)
- Hydrogenone (HGEN)
- Middlefield Canadian Income (MCT)
- Castelnau Group (CGL)
- Balanced Commercial Property Trust (BCPT)
- Alliance Trust (ATST)
- Home REIT (HOME)
- Harmony Energy Income (HEIT)
- Gresham House Energy Storage (GRID)
- Ashoka India Equity (AIE)
- Invesco Select (IVPU)
- Aquila Energy Efficiency (AEET)
- NextEnergy Solar (NESF)
- Vietnam Enterprise Investments (VEIL)
- Vietnam Holdings (VNH)
- VinaCapital Vietnam Opportunity Fund (VOF)
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.