Jonathan Davis, editor of the Investment Trusts Handbook, is joined in this week’s edition of the Money Makers Weekly Investment Trust podcast by Max King, former fund manager at Investec and columnist in MoneyWeek,  and Andrew Rees, property investment trust analyst at Numis Securities.

Section Timestamps:

00:13 - Review of the week

02:28 - Money Makers Circle

02:58 - Q&A with Max King

03:11 - Max's comments on the latest developments

05:57 - Will world markets do better than US markets?

07:31 - Chinese investment trusts

10:42 - Home REIT (HOME) and RIT Capital Partners (RIT)

17:49 - IPO announcement: AT85 Global Mid-market Infrastructure

18:33 - Aurora Investment Trust (ARR)

19:59 - Risks for the year

20:54 - Changes with Max's investments?

22:17 - Commercial property Q&A with Andrew Rees

22:58 - Summarising what happened to the shares of commercial property trusts in 2022

24:00 - What sectors were worst affected by the change in environment and why

24:57 - The scale of the change in share price performance and ratings

25:52 - Comparing discounts to previews periods of significant discount movements

27:49 - What will happen from here?

29:44 - Dividend yields and their sustainability

33:47 - Further valuation pressures on capitalisation rates

37:36 - Trusts with long-term inflation-linked leases

39:35 - Supermarket Income REIT (SUPR) and the Sainsbury's Supermarket portfolio

41:34 - LXI REIT (LXI) and refinancing

44:14 - Social housing sector

49:21 - Specialist healthcare trusts

53:14 - The trusts that Andrew is looking for

55:38 - Close

Trusts mentioned (with tickers) Henderson Diversified Income (HDIV), AT85 Global Mid-market Infrastructure Income, Home REIT (HOME), RIT Capital Partners (RCP), Scottish Mortgage Investment Trust (SMT), Aurora Investment Trust (ARR), Rockwood Strategic (RKW), Odyssean Investment Trust (OIT), North Atlantic Smaller Companies, Temple Bar Investment Trust (TMPL), Edinburgh Investment Trust (EDIN), Regional REIT (RGL), Alternative Income REIT (AIRE), Ediston Property Investment Company (EPIC), AEW UK REIT (AEWU), LXI REIT (LXI), Value and indexed Property Income (VIP), Supermarket Income REIT (SUPR), Abrdn Property Income (API), Civitas Social Housing (CSH), Triple Point Social Housing (SOHO), Target Healthcare REIT (THRL), Impact Healthcare REIT (IHR).

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In addition to the regular features, this week the Circle features a profile of SDCL Energy Efficiency Income Trust (SEIT)

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Produced by Ben Gamblin.