Money Makers podcast: 29 Jul 2023

In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, talks to Andrew McHattie, editor of the Investment Trusts Newsletter. We are grateful for the support of J.P. Morgan Asset Management, which enables us to keep the podcast free.

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. For any listeners who have subscribed via Stitcher, please note that service has announced it will be discontinued. Please resubscribe through one of the other channels.

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 regular features, the Circle features a profile of ICG Enterprise Trust (ICGT), followed in a couple of weeks by a profile of BlackRock Frontiers Investment Trust (BRFI). Jonathan will also be completing his reviews of various investment trust sectors over the coming days. A subscription costs £8 a month, or a modest £2 a week.

Recession fears dwindle

00:44 – This week’s guest
00:57 – Review of the week
04:42 – Corporate news and announcements
09:51 – Summary of results
14:25 – Money Makers Circle
15:04 – Q&A with Andrew McHattie

15:15 – The current state of affairs
18:33 – Commercial property
25:17 – Consolidation and mergers
32:03 – Private equity
38:07 – UK smaller companies

43:49 – Close

Trusts mentioned in this week’s podcast (with tickers) include:

  • Abrdn Smaller Companies Income (ASCI)
  • Boussard & Gavaudan (BGHL)
  • HydrogenOne (HGEN)
  • Digital 9 Infrastructure (DGI9)
  • Abrdn New Dawn (ABD) / Abdrn Asia Dragon (DGN)
  • Abrdn Smaller Companies Income (ASCI) / Shires Income (SHRS)
  • Abrdn Diversified Income and Growth (ADIG)
  • MIGO Opportunities Trust (MIGO)
  • Home REIT (HOME)
  • Taylor Maritime Investments (TMI)
  • Invesco Asia (IAT)
  • Henderson Diversified Income (HDIV)
  • International Public Partnerships (INPP)
  • Law Debenture (LWDB)
  • BlackRock Throgmorton Trust (THRG)
  • Target Healthcare REIT (THRL)
  • AEW UK REIT (AEWU)
  • Dunedin Income Growth (DIG)
  • Murray Income (MUT)
  • Abrdn Private Equity Oportunities (APEO)
  • HG Capital Trust (HGCT)
  • HarbourVest Global Private Equity (HVPE)
  • ICG Enterprise (ICGT)
  • Pantheon International (PIN)
  • Odyssean Investment Trust (OIT)
  • Rockwood Strategic (RKW)
  • Triple Point Energy Transition (TENT)
  • Seraphim Space Investment Trust (SSIT)
  • Chrysalis Investment Trust (CHRY)

About Money Makers

We are an 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 almost 170 podcasts in the more than three 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.

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Money Makers podcast: 13 May 2023

In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to Andrew McHattie, editor of the Investment Trusts Newsletter, and Ailsa Craig and Marek Poszepczynski, co-managers of the International Biotechnology Trust (IBT).

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, Stitcher and others.

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 regular features, the Circle features a profile of Octopus Renewables Infrastructure Trust (ORIT). Jonathan also provides commentary on the market outlook and the social housing sector, and looks at what Stanley Druckenmiller thinks about the outlook for the US economy. A subscription costs £8 a month, or a modest £2 a week.

Another rate rise from the Bank of England

0:00:29 – This week’s guests
0:01:57 – The markets this week
0:04:05 – This week’s news
0:04:29 – Money Makers Circle
0:05:20 – Noteable results and announcements
0:08:12 – Q&A with Andrew McHattie

0:08:24 – Bank of England base rate change
0:11:23 – Investment trust sector pe rformance
0:12:36 – Civitas Social Housing (CSH)
0:17:39 – Home REIT (HOME)
0:21:25 – US Solar Fund (USF)
0:23:23 – The renewables sector
0:25:31 – Private equity
0:29:13 – 3i Group (III)
0:31:20 – ICG Enterprise (ICGT)

0:35:00 – Q&A with Ailsa Craig and Marek Poszepczynski

0:35:14 – What IBT does and how it differs
0:36:09 – Why choose to invest in IBT
0:37:34 – The factors involved in declining returns for the sector
0:41:01 – The impact of a recession and high interest rates on the sector
0:42:26 – M&A activity
0:45:44 – The US Presidential election cycle
0:48:34 – The IBT portfolio
0:52:19 – Gearing on the trust
0:53:34 – The trust’s dividend
0:55:39 – Investments in unlisted private companies
0:59:03 – Sectors or companies with prospects for the next ‘big bang’
1:01:56 – Future fund manager arrangements

1:02:50 – Close

Trusts mentioned in this week’s podcast (with tickers) include:

  • Schiehallion Fund (MNTN)
  • 3i Group (III)
  • 3i Infrastructure Trust (3IN)
  • Pacific Assets (PAC)
  • Baillie Gifford European Growth (BGEU)
  • BlackRock Greater Europe (BRGE)
  • Polar Capital Global Healthcare (PCGH)
  • Seraphim Space (SSIT)
  • Chrysalis Investments (CHRY)
  • Civitas Social Housing (CSH)
  • Triple Point Social Housing (SOHO)
  • Home REIT (HOME)
  • US Solar Fund (USF)
  • Next Energy Solar Fund (NESF)
  • Bluefield Solar Fund (BSIF)
  • Oakley Capital Investments (OCI)
  • RTW Venture Fund (RTW)
  • ICG Enterprise (ICGT)

About Money Makers

We are an 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 nearly 160 podcasts in the more than three 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.

Latest Money Makers podcasts

Money Makers podcast: 08 Apr 2023

In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to Peter Spiller, manager of Capital Gearing Trust (CGT), and Andrew McHattie, founder and editor of The Investment Trust Newsletter.

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, Stitcher and others.

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 regular features, the Circle features a profile of Greencoat UK Wind (UKW), followed next week by Fidelity European Trust (FEV). Also still to come is Jonathan’s end of quarter review, looking back over the first quarter of 2023. A subscription costs £8 a month, or a modest £2 a week.

A new IPO on the way?

0:00:28 – Review of the week
0:03:11 – This week’s guests
0:04:16 – Summary of results
0:10:05 – Corporate news
0:12:21 – Money Makers Circle
0:13:09 – Q&A with Peter Spiller

0:18:10 – Are investors bound to lose money in the coming period?
0:24:59 – Private equity
0:28:12 – Governance of investment trusts and impact on the sector
0:31:52 – Reasons for wide discounts
0:33:34 – Mergers and consolidation
0:35:20 – Opportunities afforded by wide discounts
0:38:26 – The case for Japanese stocks

0:41:36 – Q&A with Andrew McHattie

0:41:53 – Performance in the first quarter of 2023
0:45:48 – Commercial property sector
0:50:46 – Renewable energy and infrastructure
0:54:34 – Equity trusts
0:58:41 – A potential IPO
1:01:53 – Looking forward this year

1:04:06 – Close

Trusts mentioned in this week’s podcast (with tickers) include:

  • Industrials REIT (MLI)
  • Merchants (MRCH)
  • North American Income Trust (NAIT)
  • Abrdn Asian Income Fund (AAIF)
  • Impax Environmental Markets (IEM)
  • Gresham House Energy Storage (GRID)
  • Downing Renewables and Infrastructure (DORE)
  • SDCL Energy Efficiency Income Trust (SEIT)
  • UK Commercial Property REIT (UKCM)
  • Octopus Renewables Trust (ORIT)
  • Syncona (SYNC)
  • Aquila European Renewables (AERI)
  • Capital Gearing Trust (CGT)
  • RIT Capital Partners (RCP)
  • Scottish Mortgage Trust (SMT)
  • Home REIT (HOME)
  • Pershing Square Holdings (PSH)
  • Polar Capital Technology (PCT)
  • Allianz Technology Trust (ATT)
  • Chrysalis Investments (CHRY)
  • Schiehallion Fund (MNTN)
  • Regional REIT (RGL)
  • Impact Healthcare REIT (IHR)
  • Target Healthcare REIT (THRL)
  • Hydrogenone (HGEN)
  • HICL Infrastructure (HICL)
  • BBGI Global Infrastructure (BBGI)
  • Baillie Gifford China Growth (BGCG)
  • Fidelity China Special Situations (FCSS)
  • Mercantile Investment Trust (MRC)
  • Ashoka India Equity Investment Trust (AIE)

About Money Makers

We are an 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 over 150 podcasts in the nearly three 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.

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