Money Makers podcast: 28 Oct 2023
In this week’s extended edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to Andrew McHattie, editor of the Investment Trusts Newsletter. You can also hear the final five short interviews from this year’s AIC Investment Trust Showcase event. The first four of this series of nine interviews were featured in last week’s podcast and the bonus edition released last Tuesday.
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 regular features, the Circle features a profile of Pacific Assets Trust (PAC). Future profiles coming soon include Brunner Investment Trust (BUT) and Balanced Commercial Property Trust (BCPT). A subscription costs £8 a month, or a modest £2 a week.
A new high for average discounts
0:01:53 – The news this week
0:04:18 – Summary of results
0:06:56 – Money Makers Circle
0:07:26 – Q&A with Andrew McHattie
0:12:13 – Hipgnosis Songs Fund (SONG)
0:19:09 – European Opportunities Trust (EOT)
0:25:50 – Digital 9 Infrastructure (DGI9)
0:31:28 – Greencoat UK Wind (UKW)
0:37:31 – Abrdn Diversified Income and Growth (ADIG)
0:41:57 – Pershing Square Holdings (PSH)
0:45:00 – Private equity
0:49:17 – Upcoming continuation votes and redemption offers
0:53:38 – AIC Investment Trust Showcase Interviews
0:58:05 – James de Uphaugh (Edinburgh Investment Trust; EDIN)
1:04:55 – Carlos Hardenberg (Mobius Investment Trust; MMIT)
1:13:53 – Gervais Williams (Diversified Income Trust; DIVI)
1:20:18 – Laura Elkin (AEW UK REIT; AEWU)
1:26:30 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- Hipgnosis Songs Fund (SONG)
- European Opportunities Trust (EOT)
- Greencoat UK Wind (UKW)
- HarbourVest Global Private Equity (HVPE)
- Abrdn Diversified Income and Growth (ADIG)
- Digital 9 Infrastructure (DGI9)
- Pershing Square Holdings (PSH)
- Triple Point Social Housing (SOHO)
- NextEnergy Solar Fund (NESF)
- The Renewables Infrastructure Group (TRIG)
- Supermarket Income REIT (SUPR)
- HydrogenOne Capital Growth (HGEN)
- Augmentum Fintech (AUGM)
- Gore Street Energy Storage (GSF)
- International Biotechnology Trust (IBT)
- JP Morgan Emerging Markets Income (JEMI)
- Schroder Income Growth (SCF)
- VinaCapital Vietnam Opportunity Trust (VOF)
- CQS Natural Resources Growth and Income (CYN)
- Crystal Amber Fund (CRS)
- BlackRock Smaller Companies (BRSC)
- Oakley Capital Investments (OCI)
- Literacy Capital (BOOK)
- GCP Infrastructure (GCP)
- Value and Indexed Property Income (VIP)
- NB Global Monthly Income (NBMI)
- Abrdn New Dawn (ABD)
- Asia Dragon Trust (DGN)
- Round Hill Music Royalties (RHM)
- Edinburgh Worldwide (EWI)
- JPMorgan European Discovery (JEDT)
- Herald Investment Trust (HRI)
- Cordiant Digital Infrastructure (CORD)
- 3i Group (III)
- Pantheon International (PIN)
- HG Capital Trust (HGCT)
- ICG Enterprise (ICGT)
- Bellvue Healthcare Trust (BBH)
- JP Morgan Japanese (JFJ)
- Edinburgh Investment Trust (EDIN)
- Mobius Investment Trust (MMIT)
- Diversified Income Trust (DIVI)
- AEW UK REIT (AEWU)
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 over 180 podcasts in the more than three 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.
Latest Money Makers podcasts
Money Makers podcast: Bonus – 24 Oct 2023
In this bonus edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to Rhys Davis (Invesco Bond Income Plus; BIPS), Phil Kent (GCP Infrastructure; GCP), and Simon Gergel (Merchants Trust; MRCH), all of who were at the recent AIC Investment Trusts Showcase event in London. A further series of conversations will feature as part of the next regular edition of the podcast, due for release on Saturday 28 October.
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 regular features, the Circle features a profile of City of London (CTY). Future profiles coming soon include Pacific Assets Trust (PAC) and Brunner Investment Trust (BUT). A subscription costs £8 a month, or a modest £2 a week.
A bonus podcast
02:07 – Rhys Davies (Invesco Bond Income Plus Trust; BIPS)
07:49 – Phil Kent (GCP Infrastructure; GCP)
14:16 – Simon Gergel (Merchants Trust; MRCH)
20:04 – Close
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 over 180 podcasts in the more than three 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.
Latest Money Makers podcasts
Money Makers podcast: 21 Oct 2023
In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to Gaurav Narain, investment advisor at India Capital Growth Trust (IGC) and John Baron, columnist for the Investors’ Chronicle.
Jonathan attended this year’s AIC Investment Trust Showcase and had the opportunity to speak to a number of fund managers. A bonus podcast will be released next week featuring a number of these short chats. Make sure you’re subscribed to be alerted when that is released!
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 regular features, the Circle features a profile of City of London (CTY). Future profiles coming soon include Pacific Assets Trust (PAC) and Brunner Investment Trust (BUT). A subscription costs £8 a month, or a modest £2 a week.
A risk-off week
02:41 – This week’s guest
03:51 – News and announcements
17:45 – Summary of results
18:52 – Money Makers Circle
19:36 – A nice story
20:48 – Q&A with Gaurav Narain
28:46 – The trust’s strategy and portfolio
34:58 – The outlook for the trust
40:12 – Q&A with John Baron
43:53 – Will the alternative assets sector shrink?
48:04 – The basis for trust fees
49:26 – The experience of directors
49:59 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- India Capital Growth (IGC)
- Hipgnosis Songs Fund (SONG)
- Round Hill Music Royalty Fund (RHM)
- Abrdn Asia Focus (AAS)
- MIGO Opportunities (MIGO)
- Pantheon International (PIN)
- Digital 9 Infrastructure (DGI9)
- RM Infrastructure Income (RMII)
- Harmony Energy Income (HEIT)
- Gore Street Energy Storage (GSF)
- Gresham House Energy Storage (GRID)
- Abrdn Private Equity Opportunities Trust (APEO)
- Phoenix Spree Deutschland (PSDL)
- Vietnam Holdings (VNH)
- Mercantile (MERC)
- AEW UK REIT (AEWU)
- Seraphim Space (SSIT)
- Tufton Oceanic Assets (SHIP)
- HICL Infrastructure (HICL)
- JLEN Environmental Assets Group (JLEN)
- Triple Point Energy Transition (TENT)
- GCP Asset Backed Income (GABI)
- Abrdn Diversified Income and Growth (ADIG)
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 over 180 podcasts in the more than three 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.