Weekly Investment Trust Podcast with Jonathan Davis (28 Jan 2023)

Jonathan Davis, editor of the Investment Trusts Handbook, is joined in this week’s edition of the Money Makers Weekly Investment Trust podcast by Duncan MacInnes, manager of the Ruffer Investment Company (RICA).

Section Timestamps:
00:59 - Highlights of the week
02:31 - Money Makers Circle this week
03:25 - Investment trust news highlights
06:09 - Q&A with Duncan MacInnes
07:00 - Why 2022 was a good year for Ruffer
12:25 - Trading around the impact of UK index-linked gilts during the Truss administration
13:47 - Exposure to energy
18:28 - Ruffer's selling point
24:18 - Lagging indicators and company earnings
28:07 - Navigating choppy waters
31:57 - The dollar and the US
36:40 - Capacity constraints on the investment trust?
41:25 - Difficulties in achieving numbers that beat inflation
42:32 - A strategy to deal with volatility
45:18 - Close

Trusts mentioned (with tickers): 3i Group (III), Literacy Capital (BOOK), Oakley Capital Investments (OCI), Tritax Big Box (BBOX), Invesco Asia Trust (IAT), CT Global Managed Portfolio Trust (CMPG/CMPI), Henderson Smaller Companies Trust (HSL), Edinburgh Worldwide (EWI), BH Macro (BHMG), Home REIT (HOME), Finsbury Growth and Income (FGT), Blackstone Loan Financing (BGLF).

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This week, as well as the regular features, the Circle features features a profile of Foresight Sustainable Forestry (FSF), and Jonathan provides the first of his reviews of the four Money Makers Model Portfolios.

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You can find more information, including relevant disclosures, at www.money-makers.co. Please note that this podcast is provided for educational purposes only and nothing you hear should be considered as investment advice. Our podcasts are also available on the Association of Investment Companies website, www.theaic.co.uk.

Produced by Ben Gamblin.