In this special edition of the AJ Bell Money & Markets podcast, Dan Coatsworth and Hannah Williford dive into the big movers and big debates across the investment trust world.

They consider why Temple Bar continues to outperform, what’s holding back JPMorgan Global Growth & Income, and the latest activist pressure from Saba targeting Edinburgh Worldwide and Impax.

Hannah speaks to Job Curtis from City of London Investment Trust about how today’s geopolitical tensions echo past market cycles. Dan and Hannah also explore why renewable energy trusts are still on the scrap heap.

We also hear from Eve Maddock‑Jones on the good, bad and ugly of trusts courting retail investors through modern media — with mixed results. Finally, Tom Sieber talks to two managers spotting tentative recovery signs in the smaller companies sector, with insights from Nish Patel (Global Smaller Companies) and George Cooke (Montanaro European Smaller Companies).

02:03 –Dan on why Temple Bar is still beating the market

09:20 – Activist investor Saba launches new investment fund and the latest on its efforts to shake up Edinburgh Worldwide & Impax Environmental Markets