In this week's edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, talks to Alastair Laing, CEO of CG Asset Management. Section Timestamps: 00:29 - Review of the week 03:38 - This week's guest 05:57 - Money Makers Circle 06:33 - Coming next week 07:02 - News and announcements 11:18 - Summary of results 14:40 - Q&A with Alastair Laing 15:07 - Reasons for poor performance 17:50 - Index linked performance 23:39 - The equity market 30:52 - Rising bond yields and the extent of derating 38:04 - Commercial property 41:05 - Consolidation in the alternatives sector 42:49 - Opportunities to bring in a discount 52:02 - Summarising CGT's position 54:14 - Close Trusts mentioned this week (with tickers): Scottish Mortgage (SMT), Seraphim Space (SSIT), LXi REIT (LXI), Supermarket Income REIT (SUPR), Capital Gearing Trust (CGT), ThomasLloyd Energy Impact (TLEI), US Solar Fund (USF), RM Infrastructure Income (RMII), Hipgnosis Songs Fund (SONG), Artemis Alpha (ATS), Miton UK Microcap (MINI), Jupiter Green (JGC), Polar Capital Global Financials (PCFT), Digital 9 Infrastructure (DGI9), CT Property Trust (CTPT), Ediston Property Investment Company (EPIC), Civitas Social Housing (CSH). 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 Riverstone Energy (RSE). Jonathan has also posted a series of charts that summarise the performance of markets and investment trusts so far this year, and his quarterly video review of some individual trust performance will be coming soon. 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 170 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.

In this week's edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, talks to Anthony Leatham, head of investment trust research at Peel Hunt, and Tim Levene, CEO of Augmentum Fintech (AUGM). Section Timestamps: 00:29 - Review of the week 01:42 - This week's guests 03:13 - The week's performance 04:12 - Money Makers Circle 04:47 - News, announcements, and results 07:46 - Q&A with Anthony Leatham 07:53 - Reaction to the market 11:56 - The broking business 14:06 - Factors involved in derating investment trusts 15:49 - Infrastructure and renewables 19:28 - Trusts sensitive to bond yield changes 22:47 - Battery storage sector 25:52 - Trusts sending distress signals 27:51 - M&A possibilities 32:04 - Q&A with Tim Levene 32:38 - The definition of fintech 34:30 - Performance over five years 41:16 - Investor scepticism about private equity 45:04 - Views on the current environment 47:37 - Artificial Intelligence 50:14 - The portfolio 52:23 - Investment structure 53:40 - Close Trusts mentioned this week (with tickers): Augmentum Fintech (AUGM), Oryx International (OIG), Schroder British Opportunities (SBO), Abrdn Private Equity Opportunities (APEO), Geiger Counter (GCL), 3i Infrastructure (3IN), Gore Street Energy Storage (GSF), Civitas Social Housing (CSH), RTW Biotech Opportunities (RTW), Edinburgh Worldwide (EWI), Greencoat UK Wind (UKW), Triple Point Energy Transition (TENT), Atrato Onsite Energy (ROOF), Digital 9 Infrastructure (DGI9), Pantheon Infrastructure (PINT), Sequoia Economic Infrastructure (SEQI), Bluefield Solar (BSIF), Gresham House Energy Storage (GRID), HICL Infrastructure (HICL), NextEnergy Solar Fund (NESF), Octopus Renewables Infrastructure (ORIT). 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 Invesco Bond Income Plus (BIPS), and charts will be provided that summarise the year's developments in the markets and investment trust sector. 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.

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.

In this week's edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, talks to James Carthew, former fund manager and current director of QuotedData, and Colette Ord, infrastructure and renewables analyst at Numis Securities. Section Timestamps: 00:29 - Review of the week 04:12 - This week's guests 04:32 - Money Makers Circle 04:59 - Corporate news 07:10 - Selected results 13:05 - Q&A with James Carthew 13:30 - Impact of the base rate change on investment trusts 18:13 - Monks Investment Trust (MNKS) 21:03 - Abrdn Diversified Income and Growth (ADIG) 26:18 - Rockwood Strategic (RKW) 28:58 - Civitas Social Housing (CSH) 31:49 - Cordiant Digital Infrastructure (CORD) 35:05 - Investing in AI through investment trusts 37:54 - Q&A with Colette Ord 38:04 - Market reaction to the base rate rise 41:05 - Trust in the NAVs 43:27 - Using the wrong comparisons 46:05 - Trusts with minimal leverage while trading at significant discounts 48:31 - The impact of asset location 49:42 - Predatorial behaviours 52:59 - Lingering impacts of the windfall tax 55:33 - Liquidity issues and smaller trusts 59:24 - Close Trusts mentioned this week (with tickers): Abrdn Diversified Income and Growth (ADIG), Civitas Social Housing (CSH), Princess Private Equity (PEY), Global Smaller Companies Trust (GSCT), Montanaro UK Smaller Companies (MTU), Montanaro European Smaller Companies (MTE), AEW UK REIT (AEWU), Urban Logistics (SHED), Triple Point Energy Transition (TENT), JPMorgan Emerging Europe Middle East and Africa (JEMA), Bankers Trust (BNKR), Henderson Opportunities (HOT), BlackRock Income and Growth (BRIG), River and Mercantile UK Micro Cap (RMMC), CC Japan Income and Growth (CCJI), HICL Infrastructure (HICL), Greencoat UK Wind (UKW), International Public Partnerships (INPP), Monks Investment Trust (MNKS), Scottish Mortgage Trust (SMT), SAINTS (SAIN), Abrdn Diversified Income and Growth (ADIG), Ediston Property (EPIC), JPMorgan Multi-Asset Growth and Income (MATE) , Rockwood Strategic (RKW), Civitas Social Housing (CSH), Cordiant Digital Infrastructure (CORD), Digital 9 Infrastructure (DGI9), Manchester and London (MNL), Polar Capital Technology Trust (PCT), Allianz Technology Trust (ATT), Chrysalis (CHRY), Schroder Capital Global Innovation (INOV), VH Global Sustainable Energy Opportunities (GSEO), NextEnergy Solar Fund (NESF), 3i Infrastructure (3IN), HICL Infrastructure (HICL), Aquila European Renewables (AERS). 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 Polar Capital Global Healthcare (PCGH), and Jonathan has also provided his thoughts on recent market developments. Subscribers can also look forward to a review of market and investment trusts performance in the first half of the year, coming in the next few weeks. 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.

In this week's edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, talks to Nick Greenwood, manager of the MIGO Opportunities Trust (MIGO) and Merryn Somerset Webb, columnist and podcaster at Bloomberg and former editor of MoneyWeek. Section Timestamps: 0:00:29 - Review of the week 0:03:47 - This week's guests 0:04:20 - Summary of results 0:11:17 - Money Makers Circle 0:12:03 - Q&A with Nick Greenwood 0:12:21 - Investment trusts sector continues to languish 0:15:01 - Retail investor perceptions 0:16:47 - Effect of bond yields on demand 0:17:37 - Consolidation 0:18:43 - Alternative assets 0:19:32 - Renewable energy 0:24:41 - Private equity 0:26:30 - Equity markets 0:28:51 - Portfolio activities 0:32:28 - UK equity market 0:35:11 - Q&A with Merryn Somerset Webb 0:35:35 - Working for Bloomberg 0:36:40 - Thoughts on the investment trust sector 0:38:29 - Accuracy of price signals 0:43:29 - Baillie Gifford 0:46:42 - The role of the board in corporate governance 0:49:12 - Women on investment trust boards 0:51:27 - Challenges to investment trusts 0:53:10 - UK equities 0:57:41 - Advice for private investors 1:02:17 - Close Trusts mentioned this week (with tickers): Personal Assets Trust (PNL), Lindsell Train Investments (LTI), Templeton Emerging Markets (TEM), Baillie Gifford UK Growth (BGUK), Syncona (SYNC), Biotech Growth Trust (BIOG), JLEN Environmental (JLEN), Custodian Property Income Trust (CREI), Atrato Onsite Energy (ROOF), Foresight Sustainable Forestry (FSF), Industrials REIT (MLI), Aquila European Renewables (AERS), Oakley Capital Investments (OCI), NB Private Equity (NBPE), Nippon Active Value Fund (NAVF), Abrdn Japan Investment Trust (AJIT), AVI Japan Opportunity Trust (AJOT), Life Settlement Assets (LSAA), Geiger Counter (GCL), Yellow Cake (YCA), JPMorgan Indian (JII), Rockwood Strategic (RKW), Odyssean Investment Trust (OIT), Scottish Mortgage Trust (SMT). 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. Last week, as well as the regular features, the Circle featured a profile of Pacific Horizon Investment Trust (PHI). This week's fund profile will be of Polar Capital Global Healthcare Trust (PCGH). 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.

In this week's edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, continues his conversation with Russell Napier, chairman of Mid Wynd International Investment Trust (MWY). Listeners can find the first half of this discussion in the podcast released on 27 May 2023. Jonathan then talks to Janette Rutterford, emeritus professor of finance at the Open University, to talk about lessons that can be learnt from the history of investment trusts. Jonathan remains on holiday this week, but Stuart Watson returns to provide the summary of the week's announcements and results. Next week's podcast will be released later than usual, on Tuesday 20 June 2023, after which the normal Saturday schedule will return. Section Timestamps: 00:29 - Coming up this week 01:44 - News and announcements with Stuart Watson 02:45 - Summary of the week's results 10:42 - Money Makers Circle 11:14 - Q&A with Russell Napier (Part 2) 15:16 - Commercial and residential property 17:52 - Thoughts on the investment trusts sector 24:50 - Recommended literature 27:52 - The Library of Mistakes 29:10 - Q&A with Janette Rutterford 29:41 - The Baring Crisis of 1890 35:36 - The 1920s 41:17 - The 1990s and the Split Capital Crisis 46:23 - Split capital trusts 47:29 - Lessons for investors 49:33 - Knowledgeable investing 52:54 - Close Trusts mentioned this week (with tickers): Worldwide Healthcare Trust (WWH), Fidelity China Special Situations (FCSS), STS Global Income and Growth (STS), LXi REIT (LXI), Warehouse REIT (WHR), JZ Capital Partners (JZCP), JPMorgan European Growth and Income (JEGI), Abrdn Japan (AJIT), Schroder Real Estate (SREI), BlackRock Frontiers (BRFI), Edinburgh Worldwide (EWI), JPMorgan Indian (JII), Barings Emerging EMEA Opportunities (BEMO), Abrdn Diversified Income and Growth (ADIG), Residential Secure Income (RESI). 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, features a profile of HydrogenOne Capital Growth (HGEN). Next week's profile will be of Pacific Horizon (PHI). 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.

In this week's edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, is joined by Simon Edelsten, manager of the Mid Wynd International Investment Trust (MWY). Jonathan also spoke to Paul and Richard Pindar, respectively the chairman and CEO of Literacy Capital (BOOK). Jonathan is on holiday over the coming couple of weeks, but the podcast continues with pre-recorded interviews this week and next, with Stuart Watson providing the summary of the week's announcements and results. Section Timestamps: 0:00:29 - This week's guests 0:02:07 - Money Makers Circle 0:02:39 - Next week 0:03:26 - Summary of announcements and results with Stuart Watson 0:11:47 - Q&A with Simon Edelsten 0:12:31 - Artificial intelligence and big tech 0:17:56 - The situation with respect to interest rates 0:26:22 - Fear of missing out 0:29:37 - Japan 0:36:06 - Europe 0:38:45 - The UK 0:39:43 - Looking ahead 0:41:45 - Simon's plans 0:43:26 - Q&A with Paul and Richard Pindar 0:45:35 - How Literacy Capital is distinct compared to its peers 0:49:33 - The first quarter of 2023 0:54:47 - Reducing exposure to growth capital 0:58:35 - Reduction in gearing 1:01:06 - The UK 1:03:05 - Close Trusts mentioned this week (with tickers): Mid Wynd International (MWY), Literacy Capital (BOOK), Edinburgh Investment Trust (EDIN), CT UK High Income (CHI), Odyssean (OIT), TR Property (TRY), AVI Global (AGT), JPMorgan Japanese (JFJ), Home REIT (HOME), Aquila European Renewables (AERI). 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 the Mercantile Trust (MRC). This will be followed by a profile of HydrogenOne Capital Growth (HGEN). 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.

In this week's edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, is joined by financial historian and market strategist Russell Napier, chairman of Mid Wynd International Investment Trust (MWY), in part one of their recent conversation (part two follows next week). Jonathan also speaks to Max King, former investment trust fund manager at Investec. Section Timestamps: 01:05 - The markets this week 03:46 - Investment trusts news 11:21 - This week's results 15:15 - Money Makers Circle 15:42 - Noteable interim results 17:14 - Q&A with Russell Napier (Part 1) 17:43 - The Federal debt ceiling 27:15 - The debt burden 29:40 - The 2% inflation target 36:37 - The attractiveness of bonds going forward 37:31 - Q&A with Max King 37:40 - How the year is panning out 40:46 - The Bank of England's response to inflation 42:22 - The UK market 44:52 - The investment trusts sector 45:31 - Infrastructure and renewables 49:05 - Commercial property 50:59 - Social housing 53:02 - Caledonia Investments (CLDN) and private equity 55:52 - Japanese trusts merger 57:24 - Twitter under Elon Musk 58:22 - Close Gresham House Energy Storage (GRID), CT Property Trust (CTPT) / LondonMetric (LMP), Momentum Multi-Asset Value Trust (MAVT), RM Infrastructure Income (RMII), M&G Credit Income (MGCI), Round Hill Music Royalty Fund (RHM), Capital Gearing Trust (CGT), HICL Infrastructure (HICL), JPMorgan Asia Growth and Income (JAGI), Schroder AsiaPacific (SDP), Henderson European Focus Trust (HEFT), Ediston Property Investment Company (EPIC), Shires Income (SHRS), Rockwood Strategic (RKW), Odyssean (OIT), 3i Infrastructure (3IN), BBGI Global Infrastructure (BBGI), Ashoka WhiteOak Emerging Markets Trust (AWEM), CT Property Trust (CTPT), Primary Health Properties (PHP), Assura (AGR), Derwent London (DLN), Great Portland Estates (GPOR), Shaftesbury Capital (SHC), Land Securities (LAND), TR Property (TRY), Home REIT (HOME), AEW UK REIT (AEWU), Civitas Social Housing (CSH), Caledonia Investments (CLDN), RIT Capital Partners (RCP), Scottish Mortgage (SMT), HG Capital Trust (HGT), 3i Group (III), Literacy Capital (BOOK), Nippon Active Value (NAVF) / Abrdn Japan (AJIT). 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 Abrdn Property Income Trust (API). 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 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.

In this week's edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to Matt Hose, alternatives analyst at Jefferies. Section Timestamps: 00:29 - Coming up 02:11 - The markets this week 09:45 - Money Makers Circle 10:28 - Annual results 11:59 - Interim results 15:46 - Q&A with Matt Hose 15:54 - Scottish Mortgage Trust (SMT) 23:36 - Private equity 24:32 - HG Capital Trust (HGCT) 26:29 - Growth capital sector 27:34 - Renewable energy sector 33:22 - Debt sector 35:12 - Looking ahead 36:41 - Close Trusts mentioned (with tickers): Abrdn European Logistics Income (ASLI), Abrdn Japan (AJIT), Nippon Active Value Fund (NAVF), International Biotechnology Trust (IBT), North American Smaller Companies (NAS), JPMorgan Multi-Asset Growth & Income (MATE), Finsbury Growth and Income (FGT), Lowland Investment Company (LWI), Abrdn Equity Income (AEI), Scottish Oriental Smaller Companies (SST), Tritax EuroBox (EBOX), Scottish Mortgage Trust (SMT), HG Capital Trust (HGCT), Abrdn Private Equity Opportunities (APEO), HarbourVest Global Private Equity (HVPE), Pantheon International (PIN), 3i Group (III), Oakley Capital Investments (OCI), Schiehallion (MNTN), Chrysalis (CHRY), Gresham House Energy Storage (GRID), NextEnergy Solar Fund (NESF), Foresight Solar Fund (FSFL), Starwood European (SWEF), NB Monthly Income Fund (NBMI), VPC Specialty Lending (VSL). 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 JPMorgan American (JAM). Next week, the Circle will feature a profile of Abrdn Property Income (API), as well as a guest column from financial historian Edward Chancellor about private equity. 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 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.

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 Ailsa Craig and Marek Poszepczynski, co-managers of the International Biotechnology Trust (IBT). Section Timestamps: 0:00:29 - This week's guests 0:01:57 - The markets this week 0:04:05 - This week's news 0:04:29 - Money Makers Circle 0:05:20 - Noteable results and announcements 0:08:12 - Q&A with Andrew McHattie 0:08:24 - Bank of England base rate change 0:11:23 - Investment trust sector pe rformance 0:12:36 - Civitas Social Housing (CSH) 0:17:39 - Home REIT (HOME) 0:21:25 - US Solar Fund (USF) 0:23:23 - The renewables sector 0:25:31 - Private equity 0:29:13 - 3i Group (III) 0:31:20 - ICG Enterprise (ICGT) 0:35:00 - Q&A with Ailsa Craig and Marek Poszepczynski 0:35:14 - What IBT does and how it differs 0:36:09 - Why choose to invest in IBT 0:37:34 - The factors involved in declining returns for the sector 0:41:01 - The impact of a recession and high interest rates on the sector 0:42:26 - M&A activity 0:45:44 - The US Presidential election cycle 0:48:34 - The IBT portfolio 0:52:19 - Gearing on the trust 0:53:34 - The trust's dividend 0:55:39 - Investments in unlisted private companies 0:59:03 - Sectors or companies with prospects for the next 'big bang' 1:01:56 - Future fund manager arrangements 1:02:50 - Close Trusts mentioned (with tickers): Schiehallion Fund (MNTN), 3i Group (III), 3i Infrastructure Trust (3IN), Pacific Assets (PAC), Baillie Gifford European Growth (BGEU), BlackRock Greater Europe (BRGE), Polar Capital Global Healthcare (PCGH), Seraphim Space (SSIT), Chrysalis Investments (CHRY), Civitas Social Housing (CSH), Triple Point Social Housing (SOHO), Home REIT (HOME), US Solar Fund (USF), Next Energy Solar Fund (NESF), Bluefield Solar Fund (BSIF), Oakley Capital Investments (OCI), RTW Venture Fund (RTW), ICG Enterprise (ICGT). 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 Octopus Renewables Infrastructure Trust (ORIT). Jonathan also provides commentary on the market outlook and the social housing sector, and looks at what Stanley Druckenmiller thinks about the outlook for the US economy. 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 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.