Jonathan Davis, editor of the Investment Trusts Handbook, is joined in this week’s edition of the Money Makers Weekly Investment Trust podcast by Simon Barnard, manager of the Smithson Investment Trust (SSON).
Section Timestamps:
00:28 - This week's guest
01:06 - Who’s coming on in future weeks
01:23 - Money Makers Circle
02:03 - Review of the week
02:45 - Corporate news
07:57 - Results summary
10:24 - Q&A with Simon Barnard
11:19 - The impact of 2022 on the Smithson Investment Trust
14:08 - Core metrics at the end of 2022
17:12 - Have investors got it wrong?
19:14 - The current environment for growth investing
22:06 - Resilience of companies to recession or entrenched inflation
23:49 - Portfolio changes
28:20 - New acquisitions
31:51 - The impact of the dollar
33:13 - The investment trust and share buy backs
35:45 - The fee structure
36:14 - Plans for 2023
37:13 - Understanding the company
39:36 - The core message to shareholders in the trust
41:21 - Close
Trusts mentioned (with tickers): BH Macro (BHMG), Home REIT (HOME), Abdrn Smaller Companies Income Trust (ASCI), Shires Income (SHRS), Aquila Energy Efficiency Trust (AEET), Brunner Investment Trust (BUT), Herald Investment Trust (HRI), Riverstone Credit Opportunities Income (RCOI), City of London Investment Trust (CTY), Diverse Income Trust (DIVI), Brown Advisory (BASC).
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This week, as well as the regular features, the Circle features a profile of the Baillie Gifford Japan Trust (BGFD).
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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.
