In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to Ewan Lovett-Turner, head of investment trust research at Numis Securities, and Laura Elkin, portfolio manager of AEW UK REIT (AEWU).
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.
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Continued worries over US regional banking issues
00:29 – This week’s guests
02:59 – Money Makers Circle
03:32 – The markets this week
05:26 – Highlights from the week’s results
08:05 – Q&A with Ewan Lovett-Turner
12:41 – Perceptions of the current market outlook
14:47 – Key news items this week
14:51 – IPOs and Fundraising
20:17 – Private equity
25:23 – Boards and buy backs
27:35 – The alternatives sector
29:55 – International Biotechnology Trust (IBT)
32:07 – Q&A with Laura Elkin
35:59 – Target return as a value investor
38:31 – The gearing policy
40:39 – The re-rating of commercial property
44:35 – Investing in retail
48:09 – Alternative use
50:55 – Valuation and the dividend
54:40 – Where the market is going
56:08 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- Keystone Positive Change Trust (KPC)
- Scottish Mortgage Trust (SMT)
- International Biotechnology Trust (IBT)
- Aquila Energy Efficiency Trust (AEET)
- Bluefield Solar Income Fund (BSIF)
- Foresight Solar Fund (FSFL)
- Chrysalis (CHRY)
- Ediston Property Income Trust (EPIC)
- Apax Global Alpha (APAX)
- Manchester and London (MNL)
- Martin Currie Global (MNP)
- Polar Capital Technology Trust (PCT)
- Smithson Investment Trust (SSON)
- Finsbury Growth and Income (FGT)
- Edinburgh Worldwide Investment Trust (EWI)
- Biotech Growth Trust (BIOG)
- CT Private Equity (CTPE)
- Princess Private Equity Holdings (PEY)
- Oakley Capital Investments (OCI)
- HarbourVest Global Private Equity (HVPE)
- ICG Enterprise Trust (ICGT)
- Schiehallion Fund (MNTN)
- Molten Ventures (GROW)
- Ashoka White Oak Emerging Markets Trust (AWEM)
- TwentyFour Income Fund (TFIF)
- BH Macro (BHMG)
- 3i Infrastructure (3IN)
- US Solar Fund (USF)
- ThomasLloyd Energy Impact (TLEI)
- HG Capital Trust (HGT)
- RIT Capital Partners (RCP)
- NextEnergy Solar Fund (NESF)
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.