Uncovering Trusts by Edison Group

In this episode, our director of content, investment trusts Milosz Papst discusses Edison’s latest thematic piece on US Small Cap equities. He then explores Baker Steel Resources Trust whose bottom-up, value-focused strategy is to invest in a concentrated portfolio of 10–20 unlisted junior mining companies. BSRT’s objective is to create value through driving the development of investee companies, as well as exploiting market inefficiencies and pricing anomalies. He discusses how the trust mitigates the risks arising from investments in early-stage mining businesses. He elaborates on the implications of the portfolio maturity for distributions to shareholders. He also delves into the developments at the trust’s two largest holdings.

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About ‘Uncovering Trusts’

'Uncovering Trusts': is a podcast run by Edison analysts released every two weeks. Subscribe to hear analyst interviews on how investment trusts maximise returns while managing risks for investors.

About Edison:

Edison is a content-led IR business. We believe quality investment content should inform all investors, not just brokers. Our mission: engage and build bigger, better-informed investor audiences for our clients.

Edison covers 50+ investment trusts, read about them here: https://www.edisongroup.com/equities/investment-companies/

In this episode, our director, Martyn King explores The Law Debenture Corporation whose aim is to achieve a higher rate of total return than the broad UK stock market through investing in a diversified portfolio of mainly UK equities with some international holdings. Its IPS business provides a regular flow of income, which augments the dividend income from the equity portfolio. He talks about the company’s unique structure with two very distinct, complementary parts. He also discusses the key highlights of the company’s recent interim results and its long-term performance. He also explains the current portfolio positioning and where the managers see further opportunities.   

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About ‘Uncovering Trusts’ 'Uncovering Trusts': is a podcast run by Edison analysts released every two weeks. Subscribe to hear analyst interviews on how investment trusts maximise returns while managing risks for investors.   

About Edison:  Edison is a content-led IR business. We believe quality investment content should inform all investors, not just brokers. Our mission: engage and build bigger, better-informed investor audiences for our clients.   

Edison covers 50+ investment trusts, read about them here: https://www.edisongroup.com/equities/investment-companies/

In this episode, our director of content, investment trusts Milosz Papst, and investment trust analyst, Michal Mordel, explore the key takeaways from Edison’s recent thematic campaign on emerging markets. They highlight that emerging market equities have been out of favour recently and are trading on average at attractive absolute and relative valuations compared with developed markets. They outline the key secular growth drivers underpinning the performance of emerging economies. They discuss some of the key beneficiaries of the changes in the global supply chain. Moreover, they discuss the state-level and corporate-level governance across the emerging markets. They conclude by commenting on the main potential triggers of a re-rating in emerging market equities.

***********************************************************

About ‘Uncovering Trusts’

'Uncovering Trusts': is a podcast run by Edison analysts released every two weeks. Subscribe to hear analyst interviews on how investment trusts maximise returns while managing risks for investors.

About Edison:

Edison is a content-led IR business. We believe quality investment content should inform all investors, not just brokers. Our mission: engage and build bigger, better-informed investor audiences for our clients.

Edison covers 50+ investment trusts, read about them here: https://www.edisongroup.com/equities/investment-companies/

In this episode, our director of content, investment trusts Milosz Papst explores Canadian General Investments, which aims to generate above-average total returns from a diversified portfolio of North American (predominantly Canadian) equities. He talks about CGI’s unconstrained investment approach, its track record of outperformance, as well as major active sector weights. He delves into CGI’s recent investment in two uranium producers. He also comments on the company’s dividend distributions, gearing and discount to NAV.

***********************************************************

About ‘Uncovering Trusts’

'Uncovering Trusts': is a podcast run by Edison analysts released every two weeks. Subscribe to hear analyst interviews on how investment trusts maximise returns while managing risks for investors.

About Edison:

Edison is a content-led IR business. We believe quality investment content should inform all investors, not just brokers. Our mission: engage and build bigger, better-informed investor audiences for our clients.

Edison covers 50+ investment trusts, read about them here: https://www.edisongroup.com/equities/investment-companies/

In this episode, our director of content, investment trusts Milosz Papst explores UIL, an investment company whose aim is to maximise shareholder returns by identifying investments worldwide where the estimated underlying value is not fully recognised. He talks about ICM, the company’s investment manager, and its stock selection process based on the following three medium-term views: 1) the world’s financial markets are over indebted; 2) technological change offers strong investment upside; and 3) emerging markets offer better GDP growth opportunities than developed markets. He delves into UIL’s investment portfolio, including its four major platforms. He also comments on the company’s leverage, dividend policy and discount to NAV.

***********************************************************

About ‘Uncovering Trusts’

'Uncovering Trusts': is a podcast run by Edison analysts released every two weeks. Subscribe to hear analyst interviews on how investment trusts maximise returns while managing risks for investors.

About Edison:

Edison is a content-led IR business. We believe quality investment content should inform all investors, not just brokers. Our mission: engage and build bigger, better-informed investor audiences for our clients.

Edison covers 50+ investment trusts, read about them here: https://www.edisongroup.com/equities/investment-companies/

In this episode, our director of content, investment trusts Milosz Papst discusses the abrdn Asian Income Fund, an investment company which offers the prospects of both capital and income growth and which could be considered as a core offering for investors seeking diversification through Asian equity exposure. He covers the company’s bottom-up stock selection process and how it aims to benefit from the underlying growth themes across Asia. He also discusses the company’s strong track record of dividend payments, as well as the recent measures to drive alignment with shareholders, including a fee reduction and the reinvestment of management fees program.

***********************************************************

About ‘Uncovering Trusts’

'Uncovering Trusts': is a podcast run by Edison analysts released every two weeks. Subscribe to hear analyst interviews on how investment trusts maximise returns while managing risks for investors.

About Edison:

Edison is a content-led IR business. We believe quality investment content should inform all investors, not just brokers. Our mission: engage and build  bigger, better-informed investor audiences for our clients.

Edison covers 50+ investment trusts, read about them here: https://www.edisongroup.com/equities/investment-companies/

In this episode, our director of content, investment trusts Milosz Papst focuses on Princess Private Equity, an investment company which offers a balanced exposure across private developed markets. He talks about how the investment approach of Partners Group (its investment manager) translates into revenue and earnings growth across the company’s portfolio. He also comments on the company’s dividend policy, its recently introduced buyback framework, its track record in terms of portfolio exits, as well as balance sheet headroom.

***********************************************************

About ‘Uncovering Trusts’

'Uncovering Trusts': is a podcast run by Edison analysts released every two weeks. Subscribe to hear analyst interviews on how investment trusts maximise returns while managing risks for investors.

About Edison:

Edison is a content-led IR business. We believe quality investment content should inform all investors, not just brokers. Our mission: engage and build bigger, better-informed investor audiences for our clients.

Edison covers 50+ investment trusts, read about them here: https://www.edisongroup.com/equities/investment-companies/

In this episode, Edison analyst Joanne Collins discusses Murray Income Trust, which invests in high-quality, mainly UK-listed stocks, outlining its long term performance record and the rationale for holding some overseas stocks. The episode highlights the Board's commitment to maintaining the Company's 50 year track record of continuously rising dividends and explains why the managers are confident about the outlook for the sector and the Company.

***********************************************************

About Uncovering Trusts

The Uncovering Trusts podcast is run by Edison analysts and released every two weeks. Subscribe to hear analyst talk about how investment trusts maximise returns while managing risks for investors.

About Edison

Edison is a content-led IR business. We believe high-quality investment content should inform all investors, not just brokers. Our mission: engage and build bigger, better-informed investor audiences for our clients.

Edison covers 50+ investment trusts. Read about them here: www.edisongroup.com

In this episode, our director of content, investment trusts Milosz Papst dives into Deutsche Beteiligungs and its unique business model as an investor and asset manager focused on the private equity mid-market in the DACH region (Germany in particular) and neighbouring countries. He discusses the company’s portfolio shift in terms of sector exposure, as well as its latest entrance into the private debt business. He also talks about the company’s track record and its policy on dividends and buybacks.

***********************************************************

About Uncovering Trusts

The Uncovering Trusts podcast is run by Edison analysts and released every two weeks. Subscribe to hear analyst talk about how investment trusts maximise returns while managing risks for investors.

About Edison

Edison is a content-led IR business. We believe high-quality investment content should inform all investors, not just brokers. Our mission: engage and build bigger, better-informed investor audiences for our clients.

Edison covers 50+ investment trusts. Read about them here: www.edisongroup.com

Today Milosz dives into abrdn UK Smaller Companies Growth Trust and its high-conviction investment strategy driven by a proprietary Matrix screening tool. He outlines the manager’s seven principles for successful small-cap investing. He also discusses how the trust performed and its major portfolio activity recently. Finally, he explains the trust’s positioning amid attractive valuations of UK stocks.

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About ‘Uncovering Trusts’

'Uncovering Trusts': is a podcast run by Edison analysts released every two weeks. Subscribe to hear analyst interviews on how investment trusts maximise returns while managing risks for investors.

About Edison:

Edison is a content-led IR business. We believe quality investment content should inform all investors, not just brokers. Our mission: engage and build bigger, better-informed investor audiences for our clients.

Edison covers 50+ investment trusts, read about them here: https://www.edisongroup.com/equities/investment-companies/