Money Makers

If you enjoy the Investment Trusts Podcast, you may also find value in joining The Money Makers Circle. This membership scheme 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 AVI Global Trust (AGT). Future profiles include TwentyFour Select Monthly Income (SMIF) and Ashoka India Equity (AIE). Our 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.

Produced in partnership with

0:00:37 – Introduction
0:00:49 – Developments from the FCA
0:08:14 – Alternative Income REIT (AIRE)
0:12:02 – Schroder European Real Estate (SERE)
0:14:36 – Herald Investment Trust (HRI)
0:19:59 – Golden Prospect Precious Metals (GPM)
0:24:02 – A short break
0:24:46 – Brown Advisory US Smaller Companies (BASC)
0:28:04 – Gore Street Energy Storage (GSF)
0:33:55 – Next Energy Solar Fund (NESF)
0:38:54 – RIT Capital Partners
0:47:17 – Close

Recorded on Friday 17 July 2026

If you enjoy the Investment Trusts Podcast, you may also find value in joining The Money Makers Circle. This membership scheme 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 Invesco Asia Dragon (IAD), with future profiles including Baker Steel Resources (BSRT) and European Smaller Companies (ESCT). Our 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.

Produced in partnership with

0:00:37 – Introduction
0:01:54 – Commercial property and a new proposed deal
0:07:27 – SpaceX
0:11:34 – Herald (HRI) and Saba
0:15:36 – The discounts in other Saba targets
0:17:52 – Pantheon International (PIN)
0:22:14 – HgCapital (HGT)
0:28:56 – A short break
0:29:41 – Chrysalis (CHRY)
0:35:45 – Aquila European Renewables (AERI) and Achilles Investment Company (AIC)
0:40:35 – Bluefield Solar Income Fund (BSIF)
0:42:58 – F&C Investment Trust (FCIT)
0:44:42 – Delivering on the investment trust promise
0:50:40 – Close

Recorded on Thursday 14 May.

Jonathan will be appearing alongside Peter Hewitt at the Master Investor Show on Saturday 25 April, where they’ll discuss and answer questions relevant to private investors ranging from the Iran war and Trumponomics to Saba Capital and their own preferences in the investment trust sector. This will be recorded and released as a special edition in the following week, so subscribe to the podcast to make sure you don’t miss it!  If you wish to attend and you’re a subscriber to the Money Makers Circle, look for the code in the Weekly Email for a free ticket! Show information, including a full programme and registration, can be found at www.masterinvestorshow.com.

If you enjoy the Investment Trusts Podcast, you may also find value in joining The Money Makers Circle. This membership scheme 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 in the Circle, Stuart Watson takes a look at trusts that pay an enhanced divided. The latest profile is on Patria Private Equity (PPET), with future profiles including J.P.Morgan Claverhouse (JCH) and Cordiant Digital Infrastructure (CORD) coming soon. Our 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.

Produced in partnership with

0:00:37 – Introduction
0:02:09 – A surprise bounce back in the US
0:04:44 – Saba Capital and Edinburgh Worldwide (EWI)
0:12:32 – Impax Environmental Markets (IEM)
0:16:45 – Seraphim Space Investment Trust (SSIT)
0:23:01 – A short break
0:23:51 – Onward Opportunities Trust (ONW)
0:26:56 – Digital9 Infrastructure (DGI9)
0:29:27 – HarbourVest Private Equity (HPVE)
0:34:47 – Pershing Square Holdings (PSH)
0:37:29 – Uzbekistan, emerging markets, and Mark Mobius
0:41:39 – Coming soon: a podcast from the Master Investor Show
0:43:00 – Close

Recorded on Friday 17 April.

If you enjoy the Investment Trusts Podcast, you may also find value in joining The Money Makers Circle. This membership scheme 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. The Circle currently features a profile of BlackRock American Income (BRAI). Future profiles include TwentyFour Income Fund (TFIF) and Patria Private Equity (PPET). Our 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.

Produced in partnership with

0:00:24 – Introduction
0:00:56 – The impact of the Iran War on the energy sector
0:03:53 – Vulnerabilities to the global economy
0:06:42 – The three investment “buckets”
0:13:50 – A short break
0:14:54 – The position of the trust as it approaches a continuation vote
0:17:47 – Making the case for the strategy within a small trust
0:19:24 – Saba Capital, activist investors, and discount control
0:22:46 – The enhanced income strategy and a reduction in gearing
0:30:35 – Reflecting on incorporating energy transition
0:31:51 – Renewable energy trusts
0:33:50 – The case made to shareholders
0:36:12 – Consequences of an escalating crisis in the Middle East
0:37:30 – Hedging currency
0:39:17 – Close

Recorded on 19 March 2026.

If you enjoy the Investment Trusts Podcast, you may also find value in joining The Money Makers Circle. This membership scheme 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. The Circle currently features a profile of BlackRock American Income (BRAI). Future profiles include TwentyFour Income Fund (TFIF) and Patria Private Equity (PPET). Our 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.

Produced in partnership with

0:00:24 – Introduction
0:00:48 – The impact of the Iran crisis on the investment trusts sector
0:07:42 – Saba Capital and Edinburgh Worldwide (EWI)
0:15:57 – CQS Resignations
0:19:49 – A short break
0:20:53 – Pershing Square Holdings (PSH)
0:24:57 – Hydrogen Capital Growth (HGEN)
0:28:54 – Next Energy Solar Fund (NESF)
0:32:45 – Seraphim Space Investment Trust (SSIT)
0:36:21 – Cordiant Digital Infrastructure (CORD)
0:38:34 – Alliance Witan (ALW)
0:44:48 – Close

Recorded on 12 March 2026.

If you enjoy the Investment Trusts Podcast, you may also find value in joining The Money Makers Circle. This membership scheme 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. As well as the usual features, the Circle currently features a profile of Aberforth Geared Value and Income (AGVI). Future profiles include Geiger Counter (GCL) and CT Global Managed Portfolio (CMPG/CMPI). 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.

Produced in partnership with

0:00:24 – Introduction
0:00:42 – Japan
0:08:08 – Switching away from the US
0:10:03 – The new chairman of the Federal Reserve
0:12:34 – Artificial intelligence and HgCapital Trust (HGT)
0:22:26 – 3i Infrastructure (3IN)
0:26:39 – A short break
0:27:43 – Saba Capital
0:34:52 – Saba’s US holdings
0:36:38 – Digital 9 Infrastructure (DGI9)
0:39:59 – Oryx International Growth (OIG)
0:43:35 – Baker Steel Resources Trust (BSRT)
0:48:07 – Investment trusts in the FTSE100
0:52:03 – Close

Recorded on 12 February 2026.