Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust and market news - Recent issuance and buybacks - Good reads - Videos and other content - Trust price and NAV performance - Z-scores - Investment Trusts Handbook - Appendices
What's new this week This week on the podcast, I talk to Richard Staveley, the manager of Rockwood Strategic (RKW), the best-performing UK small-cap trust over all recent periods. We go over some of his recent buys, talk about what he expects from the Budget (spoiler alert: nothing) and the outlook for the se...
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Murray International (MYI) was launched in 1907 and has followed a global equity income mandate since the mid-1980s. It is comfortably the largest trust in the Aberdeen stable with net assets of around £2.2bn. Bruce Stout managed MYI from 2004 to 2024 before handing over the reins to Martin Connaghan and Samantha Fitzpatrick, who had both worked alongside him for 25 years. Its annualised total return over the 22 years to the end of 2025 was just under 11% on a NAV basis, around one percentage point better than the various benchmarks that the trust has used, with individual yearly returns often...
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On the podcast this week On this week's podcast, the 200th edition, I enjoy a three-way conversation with my original co-host Simon Elliott and Mark Dampier, the onetime head of research at Hargreaves Lansdown, the UK's largest private investor platform. He has retired from HL, but has plenty of experience as a non-executive director of three investment trusts, including currently Invesco Select. We discuss the rollercoaster ride that investment trusts have experienced since our first edition on in April 2020 and look ahead to the challenges that the sector faces today. (That first podcast inc...
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