Weekly Investment Trusts Podcast - with James Carthew and Colette Ord (24 Jun '23)

In this week's edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, talks to James Carthew, former fund manager and current director of QuotedData, and Colette Ord, infrastructure and renewables analyst at Numis Securities.

Section Timestamps:
00:29 - Review of the week
04:12 - This week's guests
04:32 - Money Makers Circle
04:59 - Corporate news
07:10 - Selected results
13:05 - Q&A with James Carthew
13:30 - Impact of the base rate change on investment trusts
18:13 - Monks Investment Trust (MNKS)
21:03 - Abrdn Diversified Income and Growth (ADIG)
26:18 - Rockwood Strategic (RKW)
28:58 - Civitas Social Housing (CSH)
31:49 - Cordiant Digital Infrastructure (CORD)
35:05 - Investing in AI through investment trusts
37:54 - Q&A with Colette Ord
38:04 - Market reaction to the base rate rise
41:05 - Trust in the NAVs
43:27 - Using the wrong comparisons
46:05 - Trusts with minimal leverage while trading at significant discounts
48:31 - The impact of asset location
49:42 - Predatorial behaviours
52:59 - Lingering impacts of the windfall tax
55:33 - Liquidity issues and smaller trusts
59:24 - Close

Trusts mentioned this week (with tickers): Abrdn Diversified Income and Growth (ADIG), Civitas Social Housing (CSH), Princess Private Equity (PEY), Global Smaller Companies Trust (GSCT), Montanaro UK Smaller Companies (MTU), Montanaro European Smaller Companies (MTE), AEW UK REIT (AEWU), Urban Logistics (SHED), Triple Point Energy Transition (TENT), JPMorgan Emerging Europe Middle East and Africa (JEMA), Bankers Trust (BNKR), Henderson Opportunities (HOT), BlackRock Income and Growth (BRIG), River and Mercantile UK Micro Cap (RMMC), CC Japan Income and Growth (CCJI), HICL Infrastructure (HICL), Greencoat UK Wind (UKW), International Public Partnerships (INPP), Monks Investment Trust (MNKS), Scottish Mortgage Trust (SMT), SAINTS (SAIN), Abrdn Diversified Income and Growth (ADIG), Ediston Property (EPIC), JPMorgan Multi-Asset Growth and Income (MATE) , Rockwood Strategic (RKW), Civitas Social Housing (CSH), Cordiant Digital Infrastructure (CORD), Digital 9 Infrastructure (DGI9), Manchester and London (MNL), Polar Capital Technology Trust (PCT), Allianz Technology Trust (ATT), Chrysalis (CHRY), Schroder Capital Global Innovation (INOV), VH Global Sustainable Energy Opportunities (GSEO), NextEnergy Solar Fund (NESF), 3i Infrastructure (3IN), HICL Infrastructure (HICL), Aquila European Renewables (AERS).

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.

This week, as well as the regular features, the Circle features a profile of Polar Capital Global Healthcare (PCGH), and Jonathan has also provided his thoughts on recent market developments. Subscribers can also look forward to a review of market and investment trusts performance in the first half of the year, coming in the next few weeks.

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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.