Weekly Investment Trusts Podcast - with James Carthew (21 Aug 2023)
In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, talks to James Carthew, director of QuotedData. We are grateful for the support of J.P. Morgan Asset Management, which enables us to keep the podcast free. This edition of the podcast was recorded during the week ending Friday 18 August 2023, prior to the latest update from the Board of Ediston Property Investment Company (EPIC) following recent press speculation. It has confirmed it is in advanced discussions with RI UK 1 Limited, a wholly owned indirect subsidiary of Realty Income Corporation, regarding a possible sale of the fund’s property portfolio. There is currently no certainty that a sale of the portfolio will take place, nor as to the final terms on which any such sale might be undertaken. At this time the Board is continuing to conduct its previously announced strategic review and will do so until further notice. Section Timestamps: 00:44 - Review of the week 05:14 - Money Makers Circle 05:30 - This week's guest 05:42 - Corporate news and announcements 11:43 - Summary of results 16:52 - Q&A with James Carthew 17:04 - The current state of affairs 20:10 - Riverstone Energy (RSE) 23:47 - Abrdn Asian trusts merger 26:50 - Long-term viability of Asian trusts 28:21 - ThomasLloyd Energy Impact (TLEI) 34:07 - Ediston Property Investment Company (EPIC) 35:47 - Commercial property sector 38:37 - Renewable energy sector 42:37 - RIT Capital Partners (RCP) 44:06 - HG Capital Trust (HGT) 45:28 - The persistence of discounts 48:29 - Close Trusts mentioned this week (with tickers): Ediston Property Investment Company (EPIC), BH Macro (BHMG), Baillie Gifford UK Growth (BHUK), Baillie Gifford European Growth (BGEU), Baillie Gifford Japan Trust (BGFD), Riverstone Energy (RSE), Aquila Energy Efficiency Trust (AEET), ThomasLloyd Energy Impact (TLEI), Abrdn New Dawn (ABD), Asia Dragon Trust (DGN), Witan Investment Trust (WTAN), Georgia Capital (GCAP), Temple Bar Investment Trust (TMPL), Abrdn Asian Income Fund (AAIF), Bluefield Solar Income Fund (BSIF), Next Energy Solar Fund (NESF), RIT Capital Partners (RCP), HG Capital Trust (HGT). 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 will feature a profile of Invesco Perpetual UK Smaller Companies (IPU). Jonathan has also released his video review of the bond market. 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 more than 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.