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Money Makers

Weekly Investment Trusts Podcast - Featuring Bruce Stout (04 March 2023)

Mar 4, 2023
57:28
In this week's edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to Bruce Stout, manager of the Murray International Investment Trust (MYI). Also, while Jonathan is away in the Netherlands, Stuart Watson, author of the Money Makers Circle trust profiles, joins the podcast to bring a summary of the week's news and market movements. Section Timestamps: 00:29 - Introduction, this week's guest, and the Money Makers Circle 02:15 - This week's news and market movements with Stuart Watson 10:59 - Q&A with Bruce Stout 11:41 - Was 2022 a reckoning some time in the making? 17:06 - Are government bonds a dangerous alternative? 19:19 - Portfolio split between the US and the rest of the world 23:19 - Yield on the Trust and dividends 26:20 - The trust's portfolio 28:51 - Impact of the dollar 32:37 - China 35:38 - Sustainability of results over the coming few years 38:21 - The use of gearing 40:16 - Portfolio holdings 45:18 - No easy solutions to the world's problems 48:13 - Looking at recent management changes 56:39 - Close Trusts mentioned (with tickers): RIT Capital Partners (RCP), JPMorgan Global Growth and Income (JGGI), Mid Wynd International (MWY), Murray International (MYI), Smithson Investment Trust (SSON), BlackRock World Mining (BRWM), Law Debenture (LWDB), Murray Income (MUT), Abrdn UK Smaller Companies Growth (AUSC), Tritax Big Box (BBOX), Princess Private Equity (PEY), European Smaller Companies (ESCT), Bluefield Solar Income Fund (BSIF), Triple Point Social Housing (SOHO), Riverstone Energy (RSE), Greencoat Renewables (GRP), Mobius Investment Trust (MMIT), CQS New City High Yield (NCYF), Pacific Horizon (PHI), Apax Global Alpha (APAX), Pantheon Infrastructure (PINT), Aquila Energy Efficiency (AEET), Home REIT (HOME). 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 GCP Infrastructure (GCP). 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 nearly 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.

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