Jonathan Davis and Simon Elliott of Winterflood Securities review the week
The decline in the share prices of investment trusts continued this week, with the average discount widening from 8.5% to 10%, although overall performance year to date remains well ahead of the UK stock market. In the latest episode of our weekly podcast series, dedicated exclusively to investment trusts, Jonathan Davis and Simon Elliott, head of investment trust research at Winterfloods, review the key movements in share prices, NAVs and discounts. Trusts covered include: 3i Group, 3i Infrastructure, Civitas Social Housing, Scottish Mortgage, Murray International, Finsbury Growth & Income, Troy Income and Growth and Temple Bar.
These podcasts are part of a new series of regular interviews with leading figures in the investment world, brought to you by the Money Makers team. We are an independent research and publishing venture committed to providing high quality investment information and resources. You can sign up here to be notified about the latest podcasts in our new weekly series, which are currently free to air. Please note that the podcasts should not be regarded as personal financial advice, but are provided for information and background only. Disclosures about the trusts for which Winterflood Securities act as corporate broker and the editor’s personal holdings of investment trusts can be found here.
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Editor, Money Makers
Jonathan Davis started his career as a financial journalist on The Times, Sunday Telegraph and The Independent before qualifying as a professional investor. He is a Member of The Chartered Institute for Securities and Investment and the author of several books on stock market investment, as well as editor of the annual Investment Trusts Handbook and a senior adviser at Saunderson House.
Head of investment trust research, Winterflood Securities
Simon Elliott has covered the investment trust sector since 2002 when he joined Winterflood Securities. Since 2008 he has headed the research team, which has been highly rated in subsequent Extel Surveys. Simon started his career with PWC, qualifying as a chartered accountant in 1998, before working in industry for three years. He completed a MBA with the Cranfield School of Management in 2002.