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 Austin Forey, manager at J.P.Morgan Emerging Markets (JMG), and Lucy Walker, chair of the Aurora Investment Trust (ARR) and non-executive director at Henderson International Income (HINT).
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 Rights and Issues (RIII). Future profiles include Chrysalis Investments (CHRY) and STS Global Income and Growth (STS). Jonathan has also added to his list of favourite funds. Remember to look out for the latest edition of our new expanded weekly subscriber email which summarises Jonathan’s latest thoughts along with a new list of his favourite funds, and includes all the regular features available in the Circle. The content of that email is also available for subscribers via the website.
Quarter one closes on a positive note
0:02:02 – This week’s guests
0:03:19 – Money Makers Circle
0:04:54 – Summary of results
0:06:22 – Corporate news and announcements
0:09:29 – Q&A with Austin Forey
0:14:36 – The choice of index
0:15:52 – The case for a general emerging markets investment trust
0:17:06 – China and India
0:20:05 – Performance cycle in emerging markets
0:24:52 – The impact of currency
0:28:57 – Argentina
0:30:06 – Risk factors and ESG
0:34:23 – Portfolio examples
0:37:47 – Gearing
0:39:46 – The outlook for emerging markets
0:40:48 – Q&A with Lucy Walker
0:43:07 – AM Insights
0:48:00 – Marketing of investment trusts
0:50:03 – The challenge of explaining investment trusts
0:53:59 – Keeping marketing high on the agenda
0:56:33 – Monetary and time costs of marketing
01:00:18 – The role of sponsored research
01:01:40 – Visibility on investment platforms
01:02:38 – The discount dilemma
1:09:24 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- J.P.Morgan Emerging Markets (JMG)
- Aurora Investment Trust (ARR)
- Henderson International Income (HINT)
- BlackRock Latin American (BRLA)
- India Capital Growth (IGC)
- Pershing Square Holdings (PSH)
- J.P.Morgan American (JAM)
- RTW Biotech Opportunities (RTW)
- Baillie Gifford Shin Nippon (BGS)
- US Solar Fund (USF)
- Schroder Capital Global Innovation (INOV)
- Regional REIT (RGL)
- Life Science REIT (LABS)
- Abrdn Property Income (API)
- Custodian Property Income REIT (CREI)
- Digital 9 Infrastructure (DGI9)
- Biopharma Credit (BPCR)
- Triple Point Energy Transition (TENT)
- J.P.Morgan Global Growth and Income (JGGI)
- J.P.Morgan Multi Asset Growth and Income (MATE)
- STS Global Income and Growth (STS)
- Troy Income and Growth (TIGT)
- Fidelity Emerging Markets (FEML)
- Riverstone Energy (RSE)
- Invesco Select (IVPB, IVPG, IVPM, IVPU)
- Hipgnosis Songs Fund (SONG)
- Home REIT (HOME)
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 200 podcasts in the almost 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.