190: Weekly Investment Trusts Podcast - with Andrew McHattie and Tom Poynton (23 Dec 2023)

In this week's edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to Andrew McHattie, editor of the Investment Trust Newsletter, and Tom Poynton, a director at Baron & Grant. We are grateful for the support of J.P. Morgan Asset Management, which enables us to keep the podcast free. Section Timestamps: 00:39 - Review of the week 01:38 - This week's guest 01:51 - Next week's podcast 03:26 - Money Makers Circle 04:10 - Q&A with Andrew McHattie and Tom Poynton 04:53 - The markets overall 08:55 - Positioning for lower interest rates in 2024 13:43 - Activist investors 16:36 - Renewable infrastructure trusts 26:28 - Hipgnosis Songs Fund 33:18 - Home REIT (HOME) 38:24 - Commercial property 44:17 - Looking back at the year 53:35 - Thank you and Merry Christmas 54:02 - Close Trusts mentioned this week (with tickers): Pershing Square Holdings (PSH), Brunner Investment Trust (BUT), Tritax Big Box (BBOX), Bluefield Solar Income (BSIF), Octopus Renewables Infrastructure (ORIT), Hipgnosis Songs Fund (SONG), Home REIT (HOME), Digital 9 Infrastructure (DGI9), European Opportunities Trust (EOT), Aquila European Renewables (AERS), Greencoat UK Wind (UKW), Foresight Solar Fund (FSFL), LXi REIT (LXI), LondonMetric (LMP), TR Property (TRY), MIGO Opportunities Trust (MIGO), Majedie Investments (MAJE), Polar Capital Global Healthcare (PCGH), 3i Group (III), Pantheon International (PIN), Allianz Technology (ATT), Polar Capital Technology (PCT), Manchester and London (MNL), HgCapital Trust (HGT), Oakley Capital (OCI), Ashoka India Equity Investment Trust (AIE). 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. This week, as well as the regular features, the Circle features a profile of J.P.Morgan UK Smaller Companies (JMI). Future profiles coming soon include Schroder Asian Total Return (ATR) and the Witan Investment Trust (WTAN). Remember to look out for the latest edition of our new weekly email which summarises Jonathan's latest thoughts and the regular features available in the Circle. 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 190 podcasts since launch. You can find more information, including relevant disclosures, at www.money-makers.co. Please note that this podcast is provided for educational purposes only and nothing you hear should be considered as investment advice. Our podcasts are also available on the Association of Investment Companies website, www.theaic.co.uk. Produced by Ben Gamblin.