Money Makers

Jonathan Davis, editor of the Investment Trusts Handbook, and Simon Elliott, head of investment trust research at Winterflood Securities, review the week and the main market movements in the latest edition of our weekly investment trust podcast.

Trusts mentioned this week (with tickers) include: abrdn China Investment Company (ACIC), Alliance Trust (ATST), Drum Income Plus REIT (DRIP), Electra Private Equity (ELTA), GCP Student Living (DIGS), Gresham House Strategic (GHS), Greencoat UK Wind (UKW), Harmony Energy Income Trust (HEIT), Schroder BSC Social Impact Trust (SBSI), ThomasLloyd Energy Impact Trust, Tufton Oceanic Assets (SHIP), BlackRock Smaller Companies Trust (BRSC), Downing Strategic Micro-Cap Investment Trust (DSM), BlackRock Greater Europe Investment Trust (BRGE), Fidelity Emerging Markets (FEML), Apax Global Alpha (APAX), International Biotechnology Trust (IBT), Custodian REIT (CREI), Standard Life Investments Property Income (SLI), UK Commercial Property REIT (UKCM), Target Healthcare REIT (THRL), Round Hill Music Royalty Fund (RHM).

Section Timestamps:

00:19 - Review of the week

04:12 - Corporate activity

22:01 - Fundraising

32:38 - Money Makers Circle / Investment Trust Handbook

33:19 - Results

38:47 - Results (overseas)

42:07 - Results (specialists)

45:29 - Results (property)

49:20 - Music royalties sector

51:33 - Close

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.

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 80 podcasts since launch.

You can find more information, including relevant disclosures, at www.money-makers.co. Our podcasts are also available on the Association of Investment Companies website, www.theaic.co.uk.

Produced by Ben Gamblin.

Jonathan Davis, editor of the Investment Trusts Handbook, and Simon Elliott, head of investment trust research at Winterflood Securities, review the week and the main market movements in the latest edition of our weekly investment trust podcast.

Trusts mentioned this week (with tickers) include: Aberdeen Emerging Markets Investment Company (AEMC) / Aberdeen New Thai Investment Trust (ANW) / abrdn China Investment Company (ACIC), Standard Life UK Smaller Companies Trust (SLS) / abrdn UK Smaller Companies Growth Trust (AUSC), Artemis Alpha (ATS), EP Global Opportunities Trust (EPG), Third Point Investors (TPOU), Urban Logistics REIT (SHED), Atrato On Site Energy (ROOF), Nippon Active Value Fund (NAVF), Foresight Sustainable Forestry Trust, Henderson International Income (HINT), Schroder BSC Social Impact Trust (SBSI), Asia Dragon (DGN), Brown Advisory US Smaller Companies (BASC), Henderson Far East Income (HFEL), JP Morgan Global Emerging Markets Income Trust (JEMI), Pacific Assets (PAC), Schroder Japan Growth Fund (SJG), VinaCapital Vietnam Opportunity Fund (VOF), CQS Natural Resources Growth and Income (CYN), HarbourVest Global Private Equity (HVPE).

Section Timestamps:

00:19 - Review of the week

03:42 - Corporate activity

19:09 - Fundraising

24:54 - Results

29:51 - Results (overseas)

44:12 - Results (specialists)

51:03 - Money Makers Circle

51:22 - Close

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.

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 80 podcasts since launch.

You can find more information, including relevant disclosures, at www.money-makers.co. Our podcasts are also available on the Association of Investment Companies website, www.theaic.co.uk.

Produced by Ben Gamblin.

Jonathan Davis, editor of the Investment Trusts Handbook, and Simon Elliott, head of investment trust research at Winterflood Securities, review the week and the main market movements in the latest edition of our weekly investment trust podcast.

Trusts mentioned this week (with tickers) include: Asia Dragon Trust (DGN), Drum Income Plus REIT (DRIP), Fidelity Emerginig Markets (FEML), Gresham House Strategic (GHS), JP Morgan European Investment Trust (JETG/JETI), JP Morgan Global Growth and Income (JGGI), Third Point Investors (TPOU), Alinda Capital Infrastructure Investments, Greencoat Renewables (GRP), Life Science REIT, Supermarket Income REIT (SUPR), JP Morgan Multi Asset Growth and Income (MATE), Scottish Oriental Smaller Companies (SST), Gabelli Merger Plus+ Trust (GMP), Golden Prospect Precious Metals (GPM), AEW UK REIT (AEWU), BMO Commercial Property Trust (BCPT), GCP Student Living (DIGS), Target Healthcare (THRL).

Section Timestamps:

00:18 - Review of the week

02:11 - Corporate news

26:22 - Fundraising

33:03 - Results

39:43 - Results (property)

46:10 - Money Makers Circle

46:42 - Discussing the year's fundraising

50:33 - Close

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.

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 80 podcasts since launch.

You can find more information, including relevant disclosures, at www.money-makers.co. Our podcasts are also available on the Association of Investment Companies website, www.theaic.co.uk.

Produced by Ben Gamblin.

Jonathan Davis, editor of the Investment Trusts Handbook, and Simon Elliott, head of investment trust research at Winterflood Securities, review the week and the main market movements in the latest edition of our weekly investment trust podcast.

Trusts mentioned this week (with tickers) include: Acorn Income Fund (AIF), Artemis Alpha Trust (ATS), Baker Steel Resources Trust (BSRT), Civitas Social Housing (CSH), Electra Private Equity (ELTA), Gresham House Strategic (GHS), Gulf Investment Fund (GIF), Downing Renewables and Infrastructure (DORE), Harmony Energy Income Trust (HEIT), Pantheon Infrastructure, Invesco Perpetual UK Smaller Companies (IPU), JP Morgan UK Smaller Companies (JMI), Mercantile Investment Trust (MRC), Baillie Gifford China Growth (BCGC), Baillie Gifford Japan Trust (BGFD), Fidelity Asian Values (FAS), TR European Growth (TRG), Impact Healthcare REIT (IHR), LXI REIT (LXI), PRS REIT (PRSR), Hipgnosis Songs Fund (SONG).

Section Timestamps:

00:19 - Review of the week

02:42 - Corporate activity

21:14 - Fundraising

30:38 - Results

36:32 - Results (overseas)

44:59 - Results (property and specialist)

52:15 - Money Makers Circle

52:29 - Close

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.

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 nearly 80 podcasts since launch.

You can find more information, including relevant disclosures, at www.money-makers.co. Our podcasts are also available on the Association of Investment Companies website, www.theaic.co.uk.

Produced by Ben Gamblin.

Jonathan Davis, editor of the Investment Trusts Handbook, and Simon Elliott, head of investment trust research at Winterflood Securities, review the week and the main market movements in the latest edition of our weekly investment trust podcast.

Trusts mentioned this week (with tickers) include: Aberdeen Emerging Markets Investment Company (AEMC) / Aberdeen New Thai Investment Trust (ANW), Genersis Emerging Markets (GSS) / Fidelity Emerging Markets (FEML), Greencoat Renewables (GRP), Supermarket Income REIT (SUPR), BMO Responsible Housing REIT, Civitas Social Housing (CSH), Triple Point Social Housing (SOHO), Blackfinch Renewable European Income, Schroder British Opportunities (SBO), Henderson Euro Trust (HNE), Ruffer Investment Company (RICA), Bluefield Solar Income Fund (BSIF), BMO Real Estate Investments (BREI), ICG Enterprise (ICGT).

Section Timestamps:

00:19 - Review of the week

02:37 - Review of the year so far

05:03 - Corporate news

16:12 - Fundraising

28:24 - Results

32:58 - Results (overseas)

39:12 - Results (specialists)

51:31 - Close

38:10 - Money Makers Circle

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.

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 70 podcasts since launch.

You can find more information, including relevant disclosures, at www.money-makers.co. Our podcasts are also available on the Association of Investment Companies website, www.theaic.co.uk.

Produced by Ben Gamblin.

Jonathan Davis, editor of the Investment Trusts Handbook, and Simon Elliott, head of investment trust research at Winterflood Securities, review the week and the main market movements in the latest edition of our weekly investment trust podcast.

Trusts mentioned this week (with tickers) include: Custodian REIT (CREI) / DRUM Income Plus REIT (DRIP), Third Point Investors (TPOU), Schroder UK Public Private (SUPP), Aberdeen Standard European Logistics Income (ASLI), Digital 9 Infrastructure (DGI9), Downing Renewables and Infrastructure (DORE), PRS REIT (PRSR), Supermarket Income REIT (SUPR), Tritax Big Box REIT (BBOX), Gore Street Energy Storage (GSF), Manchester and London (MNL), Aurora Investment Trust (ARR), Crystal Amber Fund (CRS), Dunedin Income Growth (DIG), Merchants Trust (MRCH), Strategic Equity Capital (SEC), Ashoka India Equity Investment Trust (AIE), India Capital Growth (IGCE), North American Income Trust (NAIT), JP Morgan Emerging Markets Fund (JMG), Standard Life Private Equity (SLPO), UK Commercial Property REIT (UKCM), Aquila European Renewables Income Fund (AERS), Octopus Renewables Infrastructure (ORIT), Round Hill Music Royalty (RHM).

Section Timestamps:

01:11 - Review of the week

02:48 - Corporate news

09:25 - Fundraising

22:38 - Results

36:09 - Results (overseas)

42:40 - Results (specialist)

47:47 - Results (music royalties)

33:12 - Money Makers Circle

52:42 - Close

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.

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 70 podcasts since launch.

You can find more information, including relevant disclosures, at www.money-makers.co. Our podcasts are also available on the Association of Investment Companies website, www.theaic.co.uk.

Produced by Ben Gamblin.

Jonathan Davis, editor of the Investment Trusts Handbook, and Simon Elliott, head of investment trust research at Winterflood Securities, review the week and the main market movements in the latest edition of our weekly investment trust podcast.

Trusts mentioned this week (with tickers) include: Acorn Income Fund (AIF), Civitas Social Housing (CSH), Genesis Emerging Markets (GSS), Gore Street Energy Storage (GSF), BH Macro (BHMG/BHMU), Home REIT (HOME), Tritax Eurobox (EBOX), Martin Currie Global Portfolio Investment Trust (MNP), New Star Investment Trust (NSI), City of London Investment Trust (CTY), Murray Income (MUT), Baillie Gifford Shin Nippon (BGS), BlackRock Latin American (BRLA), European Opportunies Trust (JEO), Gulf Investment Fund (GIF), Nippon Active Value Fund (NAVF), Pacific Horizon (PHI), CQS New City High Yield (NCYF), Schroder UK Public Private (SUPP), Gresham House Energy Storage (GRID), US Solar Fund (USF), Phoenix Spree Deutschland (PSDL), Supermarket Income REIT (SUPR).

Section Timestamps:

00:30 - Review of the week

01:49 - Corporate news

10:58 - Fundraising

16:29 - Results

24:12 - Results (overseas)

42:13 - Results (infrastructure)

47:07 - Results (property)

50:30 - Money Makers Circle

51:04 - Thoughts on the market cycle

52:04 - Close

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.

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 70 podcasts since launch.

You can find more information, including relevant disclosures, at www.money-makers.co. Our podcasts are also available on the Association of Investment Companies website, www.theaic.co.uk.

Produced by Ben Gamblin.

Jonathan Davis, editor of the Investment Trusts Handbook, and Simon Elliott, head of investment trust research at Winterflood Securities, review the week and the main market movements in the latest edition of our weekly investment trust podcast.

Trusts mentioned this week (with tickers) include: Baker Steel Resources Trust (BSRT), Civitas Social Housing (CSH), Digital 9 Infrastructure (DGI9), The Renewables Infrastructure Group (TRIG), Aberdeen Smaller Companies Income Trust (ASCI), Henderson High Income Trust (HHI), AVI Japan Opportunity Trust (AJOT), Schroder Asian Total Return (ATR), Biopharma Credit (BPCR), Dunedin Enterprise (DNE), RTW Venture (RTW), Third Point Investors (TPOU), Foresight Solar Fund (FSFL), Greencoat Renewables (GRP), VH Global Sustainable Energy Opportunities (GSEO), Standard Life Investments Property Income (SLI), Round Hill Music Royalty (RHM).

Section Timestamps:

00:18 - Review of the week

06:34 - Corporate news

19:12 - Fundraising

24:56 - Results

30:12 - Results (overseas)

44:10 - Results (infrastructure)

48:18 - Results (property)

50:42 - Results (specialist)

52:17 - Money Makers Circle

52:40 - Close

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.

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 70 podcasts since launch.

You can find more information, including relevant disclosures, at www.money-makers.co. Our podcasts are also available on the Association of Investment Companies website, www.theaic.co.uk.

Produced by Ben Gamblin.

Jonathan Davis, editor of the Investment Trusts Handbook, and Simon Elliott, head of investment trust research at Winterflood Securities, review the week and the main market movements in the latest edition of our weekly investment trust podcast.

Trusts mentioned this week (with tickers) include: abrdn Asian Income Fund (AAIF), Aurora (ARR), Biopharma Credit (BPCR), Custodian REIT (CREI), GCP Student Living (DIGS), Genesis Emerging Markets (GSS), LXI REIT (LXI), Aberdeeen Standard European Logistics Income (ASLI), Aquila European Renewables Income (AERI/AERS), Target Healthcare REIT (THRL), Tritax Eurobox (EBOX), Standard Life UK Smaller Companies Trust (SLS), Vietnam Enterprise Investments (VEIL), Weiss Korea Opportunity (WKOF), Digital 9 Infrastructure (DGIN), Ecofin US Renewables Infrastructure (RNEW), International Public Partnerships (INPP), HG Capital Trust (HGT), Oakley Capital Investments (OCI), Schiehallion Fund (MNTN), Menhaden Resource Efficiency (MHN), Tufton Oceanic Assets (SHIP), Impact Healthcare REIT (IHR), Standard Life Investments Property Income Trust (SLI), Roundhill Music Royalty (RHM).

Section Timestamps:

00:25 - Review of the week

02:23 - Corporate news

18:34 - Fundraising

24:45 - Results

27:41 - Results (overseas)

29:46 - Results (infrastructure)

35:31 - Results (private equity)

40:28 - Results (specialists)

42:30 - Results (property)

47:30 - Results (music royalties)

50:02 - Mello Trusts and Funds Event

Jonathan and Simon will be attending the Mello Trusts and Funds event on Tuesday 14th September. If you would like to attend this free online event, visit https://melloevents.com/trustsandfunds14thsept/ for details.

The Money Makers circle is now up and running. It 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, forums, market/portfolio reviews and regular extracts from the editor’s notebook. For more information about this new offering, please visit www.money-makers.co/membership-join. The weekly investment trust portfolio will continue to be free. We are very grateful for your continued support and the enthusiastic response to our over 70 podcasts since launch.

You can find more information, including relevant disclosures, at www.money-makers.co. Our podcasts are also available on the Association of Investment Companies website, www.theaic.co.uk.

Produced by Ben Gamblin.

Jonathan Davis, editor of the Investment Trusts Handbook, and Simon Elliott, head of investment trust research at Winterflood Securities, review the week and the main market movements in the latest edition of our weekly investment trust podcast.

Trusts mentioned this week (with tickers) include: Acorn Income Fund (AIF), Third Point Investors (TPOU), Aquila European Renewables Income Fund (AERS/AERI), Blackfinch Renewable European Income Trust, Cordiant Digital Infrastructure (CORD), Home REIT (HOME), Responsible Housing REIT, Schroder BSC Social Impact Trust (SBSI), SDCL Energy Efficiency Income (SEIT), The Renewables Infrastructure Group (TRIG), Mid Wynd International (MWY), BH Macro (BHMG/BHMU), Boussard & Gavaudan (BGHL/BGHS), Downings Renewables & Infrastructure (DORE), Regional REIT (RGL), Triple Point Social Housing REIT (SOHO), UK Commercial Property REIT (UKCM).

Section Timestamps:

00:30 - Review of the week

02:34 - Index changes

05:32 - Corporate announcements

12:22 - Fundraising

33:53 - Results

41:44 - Results (property)

46:15 - Close

46:39 - Money Makers Circle

The Money Makers circle is now up and running. It 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, forums, market/portfolio reviews and regular extracts from the editor’s notebook. For more information about this new offering, please visit www.money-makers.co/membership-join. The weekly investment trust portfolio will continue to be free. We are very grateful for your continued support and the enthusiastic response to our over 70 podcasts since launch.

You can find more information, including relevant disclosures, at www.money-makers.co. Our podcasts are also available on the Association of Investment Companies website, www.theaic.co.uk.

Produced by Ben Gamblin.