In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, reviews the week in the markets and speaks to Sandy Nairn, chief investment officer at Global Opportunities Trust (GOT), alongside Alan Bartlett from specialist advisory firm Goodhart Partners; and Richard Watts, a co-manager of Chrysalis Investments (CHRY).
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 usual features, the Circle features a profile of CQS Natural Resources Growth and Income (CYN). Future profiles include RTW Biotech Opportunities (RTW) and CT Private Equity (CTPE). Look out for the latest edition of our new expanded weekly subscriber email which summarises Jonathan’s latest thoughts including some of his most recent trust purchases, and includes a comrehensive summary of all the latest news. The content of that email is also available for subscribers via the website. A subscription costs £12 a month, or £120 for one year with a two week free trial.
A quiet week for news
0:02:46 – Summary of results
0:03:52 – Corporate news and announcements
0:06:04 – This week’s guests
0:07:55 – Money Makers Circle
0:08:37 – Q&A with Sandy Nairn and Alan Bartlett
0:12:15 – The shape of the portfolio
0:14:54 – The type of investor interested in the Trust
0:20:37 – Portfolio differences to other trusts
0:24:27 – Volunteer Park Capital Fund
0:28:40 – Portfolio performance
0:37:51 – Mispriced volatility
0:39:52 – Communication
0:43:04 – Potential for yield, and the use of gearing
0:44:57 – Q&A with Richard Watts
0:52:09 – Realising value
0:57:13 – Plans for the holdings
1:02:10 – The cash position
1:04:53 – The enhanced risk process
1:07:30 – Is Chrysalis a ‘complex investment’?
1:09:08 – Ambitions for the next five years
1:12:14 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- BlackRock Smaller Companies Trust (BRSC)
- Asian Energy Impact Trust (AEIT)
- Abrdn Equity Income (AEI)
- Polar Capital Global Healthcare (PCGH)
- Baillie Gifford European Growth (BGEU)
- Tritax Eurobox (EBOX)
- Henderson Euro Trust (HNE)
- Henderson European Focus (HEFT)
- UK Commercial Property (UKCM)
- Tritax Big Box (BBOX)
- Pantheon International (PIN)
- Chrysalis (CHRY)
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 more than 210 podcasts in the four 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.