Weekly Investment Trust Podcast with Jonathan Davis (17 Dec 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 Nick Greenwood, manager of MIGO Global Opportunities Trust (MIGO).

Trusts mentioned this week (with tickers) include: Global Smaller Companies Trust (GSCT), JPMorgan Asia Growth and Income (JAGI), JPMorgan China Growth and Income (JCGI), JPMorgan Japanese (JFJ), JPMorgan European Discovery (JEDT), Polar Capital Technology (PCT), Polar Capital Global Healthcare (PCGH), GCP Infrastructure (GCP), Gore Street Energy Storage (GSF), Foresight Sustainable Forestry (FSF), Custodian Property Income REIT (CREI), Ediston Property (EPIC), Doric Nimrod Air One/Two/Three (DNA, DNA2, DNA3), Pantheon Infrastructure (PINT), Sequoia Economic Infrastructure Income (SEQI), Octopus Renewables Infrastructure (ORIT), Alpha Real (ARTL), Dunedin Enterprise (DNE), Artemis Alpha (ATS), Strategic Equity Capital (SEC), River and Mercantile Micro Cap (RMMC), Miton UK Micro Cap (MINI), Downing Strategic Micro Cap (DSM), Third Point Investors (TPOU), Nippon Active Value Fund (NAVF), Cambium Global Timberland (TREE), Tufton Oceanic Assets (SHIP), Polar Capital Global Financials (PCFT), Biotech Growth Trust (BIOG), International Biotechnology Trust (IBT), Amedeo Air Four Plus (AA4), VPC Speciality Lending Investments (VSL), Yellow Cake (YCA), Geiger Counter (GCL), Macau Property Opportunities (MPO), Phoenix Spree Deutschland (PSDL), Chrysalis Investments (CHRY), Schroder UK Public Private (SUPP), Oakley Capital (OCI), NB Private Equity (NBPE).

Section Timestamps:
00:22 - Introducing the latest Investment Trusts Handbook
03:08 - Introducing Nick Greenwood
03:42 - Review of the week
05:35 - Selected results
07:37 - Money Makers Circle
08:54 - Q and A with Nick Greenwood
11:35 - Widening discounts an opportunity?
13:49 - The MIGO approach
15:47 - Exited positions
17:39 - UK Micro Cap
27:34 - Number of holdings in the portfolio
28:19 - Recent purchases
31:35 - What's behind the dramatic biotech selloff?
23:20 - Aircraft leasing
32:14 - Broader portfolio themes
31:27 - Property
40:21 - Private equity and growth capital
47:35 - Are we through the worst of the discount widening?
51:26 - Hopes for 2023
54:25 - 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 the Biotech Growth Trust (BIOG).

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.

You can find more information, including relevant disclosures, at www.money-makers.co. Our podcasts are also available on the Association of Investment Companies website, www.theaic.co.uk.

Produced by Ben Gamblin.