Tariffs, gold and weight loss drugs: Charlotte Yonge of Personal Assets Trust

As a wealth preservation fund, Personal Assets aims to generate returns above inflation using a long-term approach. But with uncertainty rife thanks to tariffs, the fund is facing a very “interesting” time.

In our latest IC Interviews episode, Dave Baxter and Charlotte discuss the talk of the town – tariffs. Listen to the episode to hear the pair unpack the fund’s behaviour after the sell-off, why the managers are backing gold, why Charlotte doesn’t believe weight-loss drugs are a threat to alcohol stocks, and more. 

This episode was recorded on 14 April.

Timestamps  

00:59 How the fund is behaving after the sell-off

4:00 Impact of tariffs on stock markets 

8:35 Stock markets the fund is favouring

12:06 US Treasuries

15:44 Sectors to benefit from structural inflation

18:31 Gold 

20:51 Food and drink stocks 

22:49 Weight-loss drugs and alcohol consumption

26:27 Markets aside from the US 

27:28 The aim of the fund

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