In this edition of the Money Makers Investment Trusts Podcast, Jonathan Davis, editor of the Investment Trusts Handbook and winner of the 2024 AIC Best Broadcast Journalist Award, is joined by Ben Conway, head of fund management at Hawksmoor Investment Management, and Nick Greenwood, manager of the MIGO Opportunities Trust (MIGO).

Section Timestamps:
0:01:14 - Introducing this edition’s guests
0:01:47 - A note on jargon
0:02:54 - Context of this week’s treasury announcement
0:11:29 - Good news for the investment trusts sector
0:14:20 - An unexpected announcement
0:18:34 - Correlation between interest rates and changing discounts
0:21:12 - A short break
0:22:08 - Assessing fees on market cap
0:26:51 - Looking for opportunities in discounts
0:27:38 - Consolidation, supply, and trust sizes
0:37:14 - The wider world
0:39:51 - Recent changes to the MIGO portfolio
0:41:35 - Close


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This week, as well as the usual features, the Circle features a profile of Edinburgh Worldwide (EWI). Future profiles include Henderson Opportunities (HOT) and Mid Wynd International (MWY). Look out for the latest edition of our new expanded weekly subscriber email which summarises Jonathan's latest thoughts and includes a comprehensive summary of all the latest news. The content of that email is also available for subscribers via the website. A subscription costs £12 a month or £120 for one year.

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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.