Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Good reads - Video reviews - Trust price and NAV performance - Z-scores - Investment Trusts Handbook - Appendices
What's new this week This week's podcast features another of my regular catch-ups with Andrew McHattie, editor of the Investments Trusts newsletter. This time, we focus solely on recent trust news from, among others, International Biotechnology (IBT), RTW Biotech Opportunities (RTW), Golden Prospect Precious Me...
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Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Good reads - This week's biggest movers - Investment Trusts Handbook - Portfolio and video reviews - Appendices
What's new this week There is no podcast episode this week, as I am still away on holiday. Our most recent podcast episode features listener-favourite Marcus Phayre-Mudge, the long-serving manager of TR Property (TRY), in which we discussed the slow return to favour of the commercial property sector, and reviewed ...
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UPDATE (Oct 2026): FEML returned +92.3% in the year to June 2026 versus +48.2% for its benchmark. This followed a return of +11.8% versus +6.3% in the year to June 2025. The trust beat its benchmark by +83% versus +56% over the five years to September 2026, so it did not hold its 25% conditional tender offer. Another 25% conditional tender offer has been put in place for the five years to September 2031. In September 2025, FEML agreed to repurchase the 25.7% stake held by Strathclyde Pension Fund. Along with its ongoing buyback programme, this reduced its share count from 64.3m to 39.4m over t...
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