In the latest edition of the podcast released this week, Jonathan Davis, editor of the Investment Trusts Handbook and winner of the 2024 AIC Best Broadcast Journalist Award is joined by Dale Nicholls, manager of Fidelity China Special Situations (FCSS), and Dan Higgins, fund manager for the Majedie Investment Trust (MAJE).
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271: Dale Nicholls
0:00:53 – Reaction to the US-China trade war
0:03:35 – Managing and positioning the portfolio
0:06:40 – Gearing
0:08:54 – The mood in China
0:09:30 – Movements in the dollar
0:10:36 – The price of the Chinese equity market
0:12:08 – Shareholder response and behaviour
0:13:49 – A short break
0:14:44 – Unlisted holdings
0:16:24 – AI
0:19:37 – Biggest risks
0:20:44 – Looking forward and making the case for China
0:24:52 – Close
272: Dan Higgins
0:00:58 – Reaction to the Trump administration
0:04:40 – The problems built up by the US in recent years
0:07:16 – Reflecting on recent performance amidst the Trump turmoil
0:12:08 – The role of gold in Majedie’s strategy
0:19:38 – A short break
0:20:45 – Allocating opportunities to different strategies
0:26:58 – Analysis of correlations
0:28:51 – Bringing in the discount
0:34:04 – Resources to keep on top of the strategies
0:41:12 – Close
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Disclosures about the editor’s holdings of investment trusts can be found here. Our podcasts are also available on the Association of Investment Companies website (www.theaic.co.uk). The producer of the podcasts is the brilliant Ben Gamblin – more details on him here.