Investors' Chronicle

Nick Train’s stock picking success over the past 30 years has made him one of the UK’s best known fund managers. But over the past 12 months both his global and UK-focussed funds have notably underperformed their peers. In this interview, he tells the IC’s Leonora Walters why he is resolutely sticking with his investment approach and why quality companies could do ‘extraordinarily well.'

Train talks through the investment case for London Stock Exchange (LSE), Unilever (ULVR) and Schroders (SDR) among others and explains why he finally lost patience with Pearson (PSON). 

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

Hosted on Acast. See acast.com/privacy for more information.

Investment funds are the core of most private investor portfolios and are suitable for everyone, regardless of your level of knowledge. The tricky thing is, there are lots of different types of funds, and thousands available. 

In the fourth episode of our investing explained podcast series, the IC’s funds editor Dave Baxter and Elston Consulting’s research head Henry Cobbe talk through some of the key distinctions and how you might consider putting them together in a portfolio. 

They explain the difference between active and passive, listed and unlisted, and how to think about managing risk. 

This podcast is sponsored by IG.

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

Hosted on Acast. See acast.com/privacy for more information.

The opening weeks of 2022 have proved difficult for some of the most popular funds and Rathbone Global Opportunities (GB00B7FQLN12) is no exception. Like other growth-oriented portfolios, it has suffered a gruelling few weeks as investors worry about the potential for tighter monetary policy.

James Thomson, who has worked on the fund since 2003, talks about the psychology of running a fund in a market meltdown, resisting the temptation to rush into cyclical stocks, and the challenges of separating hype from substance in the tech sector. He also discusses the outlook for holdings Nvidia (US:NVDA), Microsoft (US:MSFT) and Amazon (US:AMZN).

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

Hosted on Acast. See acast.com/privacy for more information.

With a new year upon us, Walter Price and Mike Seidenberg of Allianz Technology Trust joined host Cherry Reynard late in December to look at some of the defining moments for the tech sector in 2021 and to reflect on the future of the sector. To see the full podcast series visit https://www.allianztechnologytrust.com/podcast/

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

Hosted on Acast. See acast.com/privacy for more information.

Investors and savers take note. Tax wrappers can make a huge difference to the value of your savings over time. 

You have two main options: put more money into your pension or invest within an individual savings account, better known as an Isa. Ideally you can do both. 

In the third episode of our investing explained podcast series, Jeremy Naylor, presenter at IG and Svenja Keller, financial coach and founder of SK Inspire, explain the nuances of tax wrappers and how to use them as effectively as possible. 

They talk through the different types of Isas and pensions available, the pros and cons of different options and how to prioritise between them.

This podcast is sponsored by IG.

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

Hosted on Acast. See acast.com/privacy for more information.

Few UK small cap investment trusts trade on a premium to their net assets, but Odyssean Investment Trust is currently one of them. In this interview, manager Stuart Widdowson explains why he brings a private equity mindset to public markets, how he seeks to spot special situations and how he feels about the current investment outlook. 

He also talks through the investment case for some of his holdings, shares which books have been most influential for his investment approach and explains why he tends to avoid participating in IPOs.

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

Hosted on Acast. See acast.com/privacy for more information.

Wild stock market movements such as those seen with ‘meme’ stocks last year make investing look like an exciting or treacherous roller coaster - depending on your perspective.

But the truth is, successful investing should be disciplined and boring - as you slowly let your money grow.

The trouble is, there are thousands of stocks and funds to pick between. In this podcast, Mary McDougall speaks with the IC's funds editor Dave Baxter and IG's analyst and presenter Daniela Sabin to find out how much you should invest, what your options are, why diversification matters and how to pick between an active or passive strategy.

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

Hosted on Acast. See acast.com/privacy for more information.

We’re kicking off 2022 with a double interview. Firstly, everyone’s favourite stock picking expert Simon Thompson is on the pod to discuss the feature he’s written this week: Secrets of Successful Investing.

Then IC properties writer Alex Newman joins us off the back of a busy week, with the government asking housebuilders for a 4-billion-pound plan to resolve the unsafe cladding crisis, and a peer-to-peer property lender launching in the UK.

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

Hosted on Acast. See acast.com/privacy for more information.

Do you want to kickstart the year by sorting out your finances? Frightened of the stock market and unsure where to start? 

Investing can seem complicated, confusing and downright scary, but get it right and it’s a powerful tool for growing your wealth.

Over a series of ten weekly podcasts, we’ll be breaking down the complexities of the financial world to help you learn about how you can build yourself a better future through sensible investing.  

Our first podcast covers why you should invest, with Investors’ Chronicle’s Mary McDougall in conversation with Jeremy Naylor, presenter at IG and financial wellbeing expert Jason Butler. 

Hear their views on how to establish an investment plan, how it fits within your wider finances and why it’s best to start as early as you can. 

They also discuss the role of crypto in an investment portfolio, why you need to be careful when using social media and how to avoid being ripped off by financial institutions. 

This podcast is sponsored by IG.

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

Hosted on Acast. See acast.com/privacy for more information.

Being a contrarian investor has been a tough gig over much of the past decade but Alex Wright, manager of Fidelity Special Values (FSV) and Fidelity Special Situations believes the best way of making money is to go against the consensus. 

In this interview, he tells Mary McDougall how he identifies mispriced assets, what he has been buying and selling recently and in what sectors he sees the best opportunities. He also explains how he mitigates the challenges faced by value investors. The interview was recorded on 8 December.  

00:00 - Intro

00:55 - What did you learn from Anthony Bolton?

02:17 - Investing style

03:33 - Process for spotting mispriced assets

04:33 - How intangibles affect thinking

05:23 - Avoiding value traps

07:23 - Turnarounds

08:50 - Recent fund performance and current outlook

11:24 - What have you been buying and selling recently?

14:17 - Inflation impact

17:42 - Fund turnover

19:10 - Challenge of needing lots of investment ideas

20:09 - Need for a large portfolio

21:54 - Pricing methodology

24:39 - When to sell when stocks don't rerate as you hoped?

30:06 - Why small caps hold better value

31:44 - Liquidity problems in funds?

34:13 - Volatility vs risk

36:13 - M&A

39:10 - UK vs European markets

41:38 - UK holdings you're excited for

Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities.

Investors' Chronicle is a service by the Financial Times.

Hosted on Acast. See acast.com/privacy for more information.