Kepler Trust Intelligence Podcast

Jo Groves and Ryan Lightfoot-Aminoff from Kepler Trust Intelligence discuss the most notable news and interviews in the investment trust world in September.

We discuss the triple whammy of news from Chrysalis Investments, the impact on AVI Global and the final details of the Alliance Trust-Witan merger.

We also bring you the highlights from our latest webinar series on global equities in a year of change, with Tom O’Hara and Jamie Ross, managers of Henderson European Trust, Iain Pyle from Shires Income and finally, Dean Orrico of Middlefield Canadian Income.

Finally, we run the rule over the most bought and sold shares and investment trusts by UK retail investors in September. NVIDIA slipped down the most-bought shares table while Scottish Mortgage held onto top honours as the most-bought trust but which other companies dominated investors’ buy and sell lists?

0:00 Welcome

0:13 News from Chrysalis Investments

02:59 Impact on AVI Global

04:00 Final details of the Alliance Trust-Witan merger

05:18 Global equities in a year of change event round-up

05:33 Henderson European Trust

08:00 Shires Income

10:27 Middlefield Canadian Income

12:10 Most bought & sold shares in September

13:40 Most bought investment trusts in September

15:44 Risk warning

In this episode of Trust Issues, we speak to Olivia Markham, co-manager of BlackRock World Mining, about the opportunity for investors in the commodities sector and the strong secular tailwinds from the energy transition.

00:00 Introduction

00:18 Overview of the fund and current weightings

01:30 Allocation to private assets

02:32 Why the sector lends itself to active management

03:30 Recent drivers of copper, gold and silver prices

07:31 Outlook for demand from China

09:35 Thoughts on M&A in the mining sector

10:56 Future commodity demand from the energy transition and AI revolution

13:28 Likely rise in expansionary capex

14:25 Further information

14:50 Risk warning

Our latest note on BRWM - https://www.trustintelligence.co.uk/investor/articles?fund_id=5

BRWM website - https://www.blackrock.com/uk/solutions/investment-trusts/our-range/blackrock-world-mining-investment-trust/trust-information 

Jo Groves and Ryan Lightfoot-Aminoff from Kepler Trust Intelligence discuss the most notable news in the investment trust world in August.

Thomas McMahon, head of investment companies research at KTI, joins us to talk through the launch of Aberforth Geared Value & Income, including some of the potential benefits and returns for investors.

Ryan provides a run-down on the latest developments at The PRS REIT, which provides exposure to new-build family homes for the private rental market, as well as the wider implications of the new share buyback programme at The Renewables Infrastructure Group.

We round things off with an overview of the most bought and sold shares and trusts by UK investors in August across four of the largest investment platforms. Nvidia, Vodafone and L&G topped the most bought shares table, with Rolls Royce heading up the sell lists.

And Scottish Mortgage, Greencoat UK Wind, JP Morgan Global Growth & Income, Alliance Trust and HgCapital were the top five most bought investment trusts in August.

00:30 AVGI: Background

03:03 AVGI: Benefits of structure for investors

04:52 AVGI: Potential returns for investors

06:49 Developments of the PRS REIT

10:18 Share buyback programme at TRIG

12:48 The most bought and sold shares by UK investors

14:26 The most bought investment trusts by UK investors

18:10 Risk warning

Jo Groves and Ryan Lightfoot-Aminoff from Kepler Trust Intelligence discuss the most notable news, reviews and interviews in the investment trust world in June.

We talk about the merger of Alliance Trust and Witan, alongside the unsuccessful IPO of the Special Opportunities REIT and the newly-announced enhanced dividend and discount management policy for Schroder Japan.

We also bring you the highlights from our recent small-cap webinar series with Nish Patel, manager of the Global Smaller Companies Trust, Gervais Williams, manager of Miton UK MicroCap and, finally, Joe Bauernfreund of AVI Japan Opportunity Trust.

We round things off with the key talking points from our recent interview with Richard Sennitt, manager of Schroder Oriental Income, as well as results from Cordiant Digital Infrastructure and Sequioa Economic Infrastructure.

0:00 Welcome

00:26 Merger of Alliance Trust and Witan

01:31 Wider implications on the sector

03:13 Unsuccessful IPO of Special Opportunities REIT (SOR)

04:40 Opportunities for REIT investing

06:20 New dividend and discount management policy for Schroder Japan

08:44 Overview of small-cap event

09:23 Global Smaller Companies Trust

12:00 Miton UK MicroCap

13:41 AVI Japan Opportunity Trust

15:42 Schroder Oriental Income

18:55 Cordiant Digital Infrastructure results

20:37 Sequoia Economic Infrastructure results

16:11 Risk warning

Trusts in Focus: We look at the enhanced dividend and discount management policy for Schroder Japan

In this episode of Trusts in Focus, we discuss the newly-announced enhanced dividend and discount management policy for Schroder Japan, together with our view on the trust and the wider Japan sector.

00:00 Introduction

01:06 Overview of enhanced dividend policy

04:30 Overview of discount management policy

05:54 Our views on the trust

09:07 Our views on the wider implications

10:32 Our views on the broader Japanese sector

13:18 The effect of recent initiatives

15:29 Risk warning

Our latest note on SJG  - https://www.trustintelligence.co.uk/investor/articles?fund_id=38

SJG website - https://www.schroders.com/en-gb/uk/individual/funds-and-strategies/investment-trusts/schroder-japan-trust/9

In this episode of Trust Issues, we speak to Richard Sennitt, manager of Schroder Oriental Income, about the opportunity for investors in the Asian income sector which offers access to world-leading companies in the region.

00:00 Introduction

00: 14 Overview of the fund and current portfolio

02:07 Assessing value and key investment attributes

03:32 Why active management matters and key differentiating factors

04:58 Is the region overlooked by income seekers?

06:43 Key drivers for capital growth

07:45 Recent performance

10:15 Managing downside risk

11:29 Which parts of the market are interesting?

13: 35 Will a fall in US interest rates be a tailwind?

Our latest note on SOI -https://www.trustintelligence.co.uk/investor/articles?fund_id=60

SOI website - https://tinyurl.com/4svwxs53

In this episode of Trust Issues, we speak to Stephen Lilley, manager of Greencoat UK Wind, about the opportunity for investors in renewable infrastructure, including the strong secular growth drivers for UK wind infrastructure.

00:00 Introduction & performance highlights

03:40 Is the opportunity still as compelling as it was at launch?

08:24 How healthy are underlying dividends from power companies?

12:18 The effect of rising rates

16:14 Does it matter who wins the general election?

20:09 Risk warning

Jo Groves and Ryan Lightfoot-Aminoff from Kepler Trust Intelligence discuss some of the most notable news stories in the investment trust world over the past month.

We talk about the latest news for Scottish Mortgage, Henderson and Pantheon International, as well as results for Schroder AsiaPacific and Oriental Income.

We also bring you some of the highlights from our recent podcasts with Richard Staveley, manager of Rockwood Strategic, and Christopher Berrier, manager of Brown Advisory US Smaller Companies.

0:00 Welcome

0:17 Scottish Mortgage

4:43 Henderson

6:34 Pantheon

7:54 Rockwood (UK small-caps)

10:52 Brown Advisory US Smaller Companies

13:42 Schroders AsiaPacific & Oriental Income

16:11 Risk warning

In this episode of Trust Issues, we speak to Christopher Berrier, manager of Brown Advisory US Smaller Companies, about the opportunity for investors in the US small-cap sector, including recent performance and why the US small-cap sector lends itself well to active management.

In this episode of Trust Issues, we speak to Richard Staveley, manager of Rockwood Strategic, about the opportunity for investors in UK small-caps, including some of the key drivers behind Rockwood’s strong track record of outperformance.