Weekly Investment Trusts Podcast - with Simon Barnard and Ewan Lovett-Turner (05 Aug 2023)
In this week's edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, talks to Simon Barnard, manager of the Smithson Investment Trust (SSON), and Ewan Lovett-Turner, head of investment trust research at Numis Securities. We are grateful for the support of J.P. Morgan Asset Management, which enables us to keep the podcast free. Section Timestamps: 0:00:44 - This week's guest 0:01:25 - Review of the week 0:04:20 - Corporate news and announcements 0:09:06 - Money Makers Circle 0:10:02 - Summary of results 0:16:10 - Q&A with Simon Barnard 0:16:24 - The last seven months and where we are today 0:18:24 - The changing outlook for a recession 0:22:46 - The behaviour of the currencies and the impact on results 0:23:31 - Portfolio turnover 0:25:52 - Interest in AI 0:30:45 - Rightmove and the UK housing market 0:32:55 - Attractiveness of the UK market 0:34:05 - General message to shareholders 0:35:23 - Q&A with Ewan Lovett-Turner 0:35:34 - Discounts 0:37:25 - The outlook for interest rates and reratings 0:39:55 - Issues for boards to address 0:48:12 - Management changes 0:50:04 - Board decisions on capital allocation 0:57:16 - Value in alternative assets 0:59:09 - Equity trusts 1:00:04 - 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. As well as the regular features, this week sees the introduction of a new Readers' Questions feature. There is no fund profile this week, but next week's profile will be of BlackRock Frontiers Investment Trust (BRFI). Jonathan has also published the first of his video reviews looking at sector performance, with a second video due soon. 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 170 podcasts since launch. You can find more information, including relevant disclosures, at www.money-makers.co. 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