Weekly Investment Trusts Podcast - featuring Peter Spiller and Andrew McHattie (08 April 2023)

Money Makers

In this week's edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to Peter Spiller, manager of Capital Gearing Trust (CGT), and Andrew McHattie, founder and editor of The Investment Trust Newsletter. Section Timestamps: 0:00:28 - Review of the week 0:03:11 - This week's guests 0:04:16 - Summary of results 0:10:05 - Corporate news 0:12:21 - Money Makers Circle 0:13:09 - Q&A with Peter Spiller 0:18:10 - Are investors bound to lose money in the coming period? 0:24:59 - Private equity 0:28:12 - Governance of investment trusts and impact on the sector 0:31:52 - Reasons for wide discounts 0:33:34 - Mergers and consolidation 0:35:20 - Opportunities afforded by wide discounts 0:38:26 - The case for Japanese stocks 0:41:36 - Q&A with Andrew McHattie 0:41:53 - Performance in the first quarter of 2023 0:45:48 - Commercial property sector 0:50:46 - Renewable energy and infrastructure 0:54:34 - Equity trusts 0:58:41 - A potential IPO 1:01:53 - Looking forward this year 1:04:06 - Close Trusts mentioned (with tickers): Industrials REIT (MLI), Merchants (MRCH), North American Income Trust (NAIT), Abrdn Asian Income Fund (AAIF), Impax Environmental Markets (IEM), Gresham House Energy Storage (GRID), Downing Renewables and Infrastructure (DORE), SDCL Energy Efficiency Income Trust (SEIT), UK Commercial Property REIT (UKCM), Octopus Renewables Trust (ORIT), Syncona (SYNC), Aquila European Renewables (AERI), Capital Gearing Trust (CGT), RIT Capital Partners (RCP), Scottish Mortgage Trust (SMT), Home REIT (HOME), Pershing Square Holdings (PSH), Polar Capital Technology (PCT), Allianz Technology Trust (ATT), Chrysalis Investments (CHRY), Schiehallion Fund (MNTN), Regional REIT (RGL), Impact Healthcare REIT (IHR), Target Healthcare REIT (THRL), Hydrogenone (HGEN), HICL Infrastructure (HICL), BBGI Global Infrastructure (BBGI), Baillie Gifford China Growth (BGCG), Fidelity China Special Situations (FCSS), Mercantile Investment Trust (MRC), Ashoka India Equity Investment Trust (AIE). 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 Greencoat UK Wind (UKW), followed next week by Fidelity European Trust (FEV). Also still to come is Jonathan's end of quarter review, looking back over the first quarter of 2023. 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 150 podcasts since launch. 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.