In the latest editions of the Money Makers investment trust 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 Russell Napier, global market strategist and founder of the Library of Mistakes in Edinburgh; Edward Chancellor, historian and author of The Price of Time; and Neil Rogan, chairman of Invesco Asia Dragon (IAD) and Baillie Gifford UK Growth (BGUK), and a non-executive director at J.P.Morgan Global Growth and Income (JGGI).
You can listen to these podcasts in full on the audio players below. Alternatively, you can subscribe via our YouTube channel, and at most podcast platforms including Apple Podcasts, Spotify, and Soundcloud; and you can find us listed on The AIC’s Podcast Directory. We are grateful to J.P. Morgan Asset Management, whose no-strings support enables us to keep the podcast free and our editorial integrity intact.
If you are attending the Master Investor Show in London on 29 March, look out for Jonathan who will be signing copies of the latest edition of the Investment Trusts Handbook! The Handbook is now also available as an audiobook edition on YouTube.
If you enjoy the Investment Trusts 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 Baillie Gifford US Growth (USA). Future profiles include Invesco Global Equity Income (IGET) and RIT Capital Partners (RCP). Our new expanded weekly subscriber email includes a comprehensive summary of all the latest news plus the week’s biggest share price, NAV and discount movements. Subscribe and you will never miss any important developments from the sector. A subscription costs £12 a month, or £120 for one year with a two week free trial.
265: Russell Napier and Edward Chancellor
0:01:33 – Putting the Trump presidency into historical context
0:04:36 – Market reactions
0:06:50 – Trump’s motivations and agenda
0:11:52 – Will Scott Bessent reign in Trump’s more extravagant proposals?
0:16:00 – A short break
0:16:56 – Returning to capital controls and a loss of independence in central banks?
0:22:21 – Anticipating a change in market style
0:25:34 – Gold
0:27:58 – Putting on a hard hat
0:29:50 – The Library of Mistakes, London
0:30:36 – Close
266: Neil Rogan
0:02:03 – Upcoming podcast anniversary
0:04:01 – Reflecting on sector consolidation over the past six years
0:06:28 – Changes to the investment trusts world in the last forty years
0:11:02 – Factors persuading the market to allow big discounts
0:14:10 – Invesco Asia Dragon (IAD)
0:21:18 – Is the IAD process a template for others to follow?
0:22:33 – Performance related tenders
0:24:38 – A short break
0:25:34 – Activism and consolidation
0:31:33 – Discount target for Invesco Asia Dragon
0:33:54 – J.P.Morgan Global Growth and Income (JGGI)
0:36:51 – Baillie Gifford UK Growth (BGUK)
0:41:46 – Is the trust industry facing an existential crisis?
0:44:50 – Interpreting the world today and the effect of the Trump administration
0:48:27 – Close
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 260 podcasts in the over 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). The producer of the podcasts is the brilliant Ben Gamblin – more details on him here.