Weekly Investment Trust Podcast with Jonathan Davis (12 Nov 2022)

Jonathan Davis, editor of the Investment Trusts Handbook, is joined in this week’s edition of the Money Makers Weekly Investment Trust podcast by Harry Nimmo, manager of the Abrdn UK Smaller Companies Growth Trust.

Trusts mentioned this week (with tickers) include: Long Term Assets (LTA), ThomasLloyd Energy Impact (TLEP), Independent Investment Trust (IIT), Majedie Investments (MAJE), Biopharma Credit (BPCR), JPMorgan Russian Securities, AVI Global Trust (AGT), Abrdn Latin American Income Trust (ALAI), Scottish Mortgage Investment Trust (SMT), Capital Gearing Trust (CGT).

Section Timestamps:
00:52 - Review of the week
07:51 - Results, NAV updates, and fundraising
09:25 - Corporate news
15:41 - The week's results
20:06 - Money Makers Circle
22:16 - Podcast format
22:50 - Q & A with Harry Nimmo
23:26 - How Harry got into managing investment trusts
28:16 - Differences in managing an investment trust vs open ended fund
30:37 - Message to investors during downturns
31:58 - How does the 2022 sell-off compare to others?
40:24 - Will there be a shift in style? Dash for trash
45:36 - Upcoming UK budget and tax changes
47:13 - The Future for AIM
49:45 - Discount and buybacks etc.
51:45 - A good time to start a small-cap fund manager career?
53:52 - Plans for retirement
54:49 - Close

If you enjoy the weekly podcast, you may also find value in joining The Money Makers circle. This is a membership scheme that offers listeners to the podcast an opportunity, in return for a modest monthly or annual subscription, to receive additional premium content, including interviews, performance data, market/portfolio reviews and regular extracts from the editor's notebook.

In addition to the regular features, this week the Circle features a profile of Pantheon Infrastructure (PINT), and Jonathan has also written a series of notes about the pick-up seen this week indicates the start of a significant turnaround for equity markets or not.

For more information about the Money Makers circle, please visit money-makers.co/membership-join. Membership helps to cover the cost of producing the weekly investment trust podcast, which will continue to be free. We are very grateful for your continued support and the enthusiastic response to our over 130 podcasts since launch.

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Produced by Ben Gamblin.