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 Ben Conway, head of fund management at Hawksmoor Investment Management, and Nick Greenwood, manager of the MIGO Opportunities Trust (MIGO).
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 Scottish Mortgage (SMT). Future profiles include BlackRock Smaller Companies (BRSC) and Aurora Investment Trust (ARR). 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. Jonathan has also recorded a video looking at the gilts market for any signs of imminent interest rate cuts. 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.
Mixed news on interest rates
0:03:18 – Summary of results
0:03:55 – Money Makers Circle
0:04:26 – Upcoming election special
0:05:12 – Q&A with Nick Greenwood and Ben Conway
0:07:35 – Interest rate cuts
0:08:26 – Cost disclosure
0:12:04 – Fair value requirements
0:18:59 – Progress of the investment trusts sector
0:23:34 – A potential IPO
0:27:25 – Asia Dragon (DGN) developments
0:28:38 – The Indian market post-election
0:29:57 – Emerging markets in general
0:32:07 – Looking at Georgia
0:34:27 – Private equity and growth capital
0:39:34 – Biotech
0:42:50 – Future pension fund interest in the sector
0:47:32 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- Gresham House Energy Storage (GRID)
- Polar Capital Technology (PCT)
- Manchester and London (MNL)
- Pershing Square Holdings (PSH)
- Biotech Growth Trust (BIOG)
- Worldwide Healthcare (WWH)
- Templeton Emerging Markets (TEM)
- HICL Infrastructure Trust (HICL)
- Aquila European Renewables (AERS)
- Atrato Onsite Energy (ROOF)
- Cordiant Digital (CORD)
- Asia Dragon Trust (DGN)
- Oakley Capital Investments (OCI)
- NB Private Equity (NBPE)
- Literacy Capital (BOOK)
- HgCapital Trust (HGT)
- 3i Group (III)
- International Biotech Trust (IBT)
- RTW Biotech (RTW)
- HarbourVest Global Private Equity (HVPE)
- Odyssean Investment Trust (OIT)
- River & Mercantile UK Micro Cap (RMMC)
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.