In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to Bruce Stout, manager of the Murray International Investment Trust (MYI). While Jonathan is away in the Netherlands, Stuart Watson, author of the Money Makers Circle in-depth trust profiles, joins the podcast to bring you a summary of the week’s news and market movements.
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 GCP Infrastructure (GCP). A subscription costs £8 a month, or a modest £2 a week.
An uncertain future for Aquila Energy Efficiency
00:29 – Introduction, this week’s guest, and the Money Makers Circle
02:15 – This week’s news and market movements with Stuart Watson
10:59 – Q&A with Bruce Stout
17:06 – Are government bonds a dangerous alternative?
19:19 – Portfolio split between the US and the rest of the world
23:19 – Trust yield and dividends
26:20 – More about the portfolio
28:51 – Impact of the dollar
32:37 – China
35:38 – Sustainability of future results
38:21 – The use of gearing
40:16 – Portfolio holdings
45:18 – No easy solutions to the world’s problems
48:13 – Jonathan Davis looks at recent trust management changes
56:39 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- RIT Capital Partners (RCP)
- JPMorgan Global Growth and Income (JGGI)
- Mid Wynd International (MWY)
- Murray International (MYI)
- Smithson Investment Trust (SSON)
- BlackRock World Mining (BRWM)
- Law Debenture (LWDB)
- Murray Income (MUT)
- Abrdn UK Smaller Companies Growth (AUSC)
- Tritax Big Box (BBOX)
- Princess Private Equity (PEY)
- European Smaller Companies (ESCT)
- Bluefield Solar Income Fund (BSIF)
- Triple Point Social Housing (SOHO)
- Riverstone Energy (RSE)
- Greencoat Renewables (GRP)
- Mobius Investment Trust (MMIT)
- CQS New City High Yield (NCYF)
- Pacific Horizon (PHI)
- Apax Global Alpha (APAX)
- Pantheon Infrastructure (PINT)
- Aquila Energy Efficiency (AEET)
- Home REIT (HOME)
About Money Makers
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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.