Weekly Investment Trust Podcast with Jonathan Davis (28 Jan 2023)

Money Makers

Jonathan Davis, editor of the Investment Trusts Handbook, is joined in this week’s edition of the Money Makers Weekly Investment Trust podcast by Duncan MacInnes, manager of the Ruffer Investment Company (RICA). Section Timestamps: 00:59 - Highlights of the week 02:31 - Money Makers Circle this week 03:25 - Investment trust news highlights 06:09 - Q&A with Duncan MacInnes 07:00 - Why 2022 was a good year for Ruffer 12:25 - Trading around the impact of UK index-linked gilts during the Truss administration 13:47 - Exposure to energy 18:28 - Ruffer's selling point 24:18 - Lagging indicators and company earnings 28:07 - Navigating choppy waters 31:57 - The dollar and the US 36:40 - Capacity constraints on the investment trust? 41:25 - Difficulties in achieving numbers that beat inflation 42:32 - A strategy to deal with volatility 45:18 - Close Trusts mentioned (with tickers): 3i Group (III), Literacy Capital (BOOK), Oakley Capital Investments (OCI), Tritax Big Box (BBOX), Invesco Asia Trust (IAT), CT Global Managed Portfolio Trust (CMPG/CMPI), Henderson Smaller Companies Trust (HSL), Edinburgh Worldwide (EWI), BH Macro (BHMG), Home REIT (HOME), Finsbury Growth and Income (FGT), Blackstone Loan Financing (BGLF). 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 features a profile of Foresight Sustainable Forestry (FSF), and Jonathan provides the first of his reviews of the four Money Makers Model Portfolios. 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 140 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.