187: Weekly Investment Trusts Podcast - with Andrew McHattie and Charles Luke (02 Dec 2023)

In this week's edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to Andrew McHattie, editor of the Investment Trusts Newsletter and Charles Luke, manager of the Murray Income Trust (MUT). We are grateful for the support of J.P. Morgan Asset Management, which enables us to keep the podcast free. Section Timestamps: 0:01:02 - Money Makers Circle 0:01:35 - Investment Trusts Handbook 2024 0:02:41 - This week's guests 0:03:50 - Review of the week 0:06:03 - Q&A with Andrew McHattie 0:06:27 - The sector and the markets overall 0:12:12 - Proposed mergers 0:19:27 - Other trusts in the news 0:35:38 - Continuation votes 0:44:43 - The continuing theme of continuation votes, mergers, etc. 0:47:15 - Q&A with Charles Luke 0:47:56 - The UK equity market 0:50:01 - The catalyst for change in the UK market 0:51:51 - How Murray Income differs from others in the sector 0:54:50 - The impact of ESG on performance 0:57:42 - The portfolio 1:01:12 - Dividends and income 1:05:18 - The discount and gearing 1:07:33 - Consolidation opportunities 1:08:43 - Why invest in Murray Income? 1:10:59 - Close Trusts mentioned this week (with tickers): Worldwide Healthcare (WWH), TR Property (TRY), Abrdn New India (ANII), HICL Infrastructure (HICL), STS Global Income and Growth (STS), Troy Income and Growth (TIGT), Fidelity China Special Situations (FCSS), Abrdn China Investment Company (ACIC), Asian Energy Impact (AEIT), Home REIT (HOME), Digital 9 Infrastructure (DGI9), Chrysalis (CHRY), Schiehallion Fund (MNTN), Augmentum Fintech (AUGM), Manchester and London (MNL), Keystone Positive Change (KPC), Abrdn European Logistics Income (ASLI), Tritax EuroBox (EBOX), Vietnam Holding (VNH), JLEN Environmental Assets (JLEN), Oakley Capital (OCI), Bluefield Solar Income Fund (BSIF). 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 International Biotechnology Trust (IBT). Future profiles coming soon include BlackRock Greater Europe (BRGE) and VinaCapital Vietnam Opportunity (VOF). 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 190 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.