In this edition of the Money Makers Investment Trusts Podcast, Georgina Brittain, co-manager of the J.P.Morgan UK Small Cap Growth and Income Trust (JUGI), joins Jonathan Davis, editor of the Investment Trusts Handbook (winner of the AIC Best Broadcast Journalist Award 2024 and 2025), discussing UK small caps, the impact of the change in government and political stability might impact the sector; valuations, investor sentiment, and M&A activity; and the investment strategy of the Trust.
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344: Georgina Brittain
0:00:59 – Hopes for the new Prime Minister
0:04:25 – An unloved and cheap UK equity market
0:10:50 – Today’s portfolio compared to the trusts pre-merger
0:15:48 – Performance and volatility
0:19:00 – A short break
0:19:46 – M&A activity
0:26:39 – Gearing
0:28:18 – The style of approach
0:30:48 – Why choose the trust
0:33:58 – Close
OUT NOW: The Investment Trusts Handbook 2026
The Investment Trusts Handbook 2026 is the ninth edition of the highly regarded annual handbook for anyone interested in investment trusts – often referred to as the City’s best-kept secret, or the connoisseur’s choice among investment funds. It is expertly edited by well-known author and professional investor Jonathan Davis, founder and editor of the Money Makers newsletter and podcast. It is available through bookshops and extensively online. The next edition of the Handbook, an independent educational publication, is now in preparation. With articles by 30 different authors, including analysts, fund managers and investment writers, plus more than 80 pages of detailed data and analysis, the latest edition is an indispensable companion for anyone looking to invest in the investment trust sector.
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Disclosures about the editor’s holdings of investment trusts can be found here. Our podcasts are also available on the Association of Investment Companies website (www.theaic.co.uk). The producer of the podcasts is the brilliant Ben Gamblin – more details on him here.