Weekly Investment Trusts Podcast - with Peter Hewitt and James Henderson (01 Jul 2023)

In this week's edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, talks to Peter Hewitt, manager of the CT Global Managed Portfolio, and James Henderson, manager of the Lowland Investment Trust (LWI). Section Timestamps: 0:00:29 - Review of the week 0:00:53 - This week's guests 0:05:35 - Company news 0:15:42 - Summary of results 0:21:14 - Money Makers Circle 0:22:06 - Q&A with Peter Hewitt 0:22:51 - The last six months 0:29:58 - Discounts in the alternative assets sector 0:33:06 - Commercial property 0:35:53 - Portfolio changes 0:42:28 - Expectations for the next six months 0:45:47 - Q&A with James Henderson 0:46:09 - Looking at the UK market 0:48:12 - Factors behind the unloved nature of the UK market 0:52:26 - Where will interest rates peak? 0:55:19 - Performance impact of a small and mid cap bias 0:56:47 - What happens when the UK equity market turns around 0:59:01 - Fund manager style and philosophy 0:59:49 - Lowland's dividend 1:01:26 - The AIM market 1:04:19 - Lowland's discount 1:06:41 - Close Trusts mentioned this week (with tickers): 3i Infrastructure (3IN), BBGI Global Infrastructure (BBGI), HICL Infrastructure (HICL), Regional REIT (RGL), Abrdn Property Income (API), PRS REIT (PRSR), Cordiant Digital (CORD), Digital 9 Infrastructure (DGI9), Mid Wynd International (MWY), International Public Partnerships (INPP), Blackstone Loan Financing (BGLF), Ecofin US Renewables Infrastructure (RNEW), Chrysalis (CHRY), Schroder European Real Estate Investment Trust (SERE), RTW Venture Fund / RTW Biotech Opportunities (RTW), Life Science REIT (LABS), Warehouse REIT (WHR), Supermarket Income REIT (SUPR), LXi REIT (LXI), SDCL Energy Efficiency Income Trust (SEIT), Abdrn New India (ANII), Hansa Investment Company (HAN/HANA), JPMorgan Global Core Real Assets (JARA), JPMorgan Japan Small Cap Growth and Income (JSGI), Value and Indexed Property (VIP), Chelverton UK Dividend Trust (SDV), Abrdn China (ACIC), BlackRock Sustainable American Income (BRSA), Harmony Energy Income Trust (HEIT), Schroder UK Mid Cap (SCP), Abrdn Private Equity Opportunities (APEO), Sequoia Economic Infrastructure (SEQI), Ruffer Investment Trust (RICA), Capital Gearing Trust (CGT), BH Macro (BHMG), Greencoat UK Wind (UKW), Civitas Social Housing (CSH), Home REIT (HOME), Aberforth Smaller Companies Trust (ASL), Lowland Investment Company (LWI), Merchants Trust (MRCH), Invesco Perpetual UK Smaller Companies (IPU), Mercantile Investment Trust (MRC), Fidelity Special Values (FSV), Allianz Technology Trust (ATT), Polar Capital Technology Trust (PCT), Finsbury Growth and Income (FGT). 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 AVI Japan Opportunity Trust (AJOT), and coming soon is Jonathan's look back at the year-to-date. 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 160 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.