227: Weekly Investment Trusts Podcast - with Andrew McHattie and Chris Clothier (14 Sep 2024)

In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, reviews the week in the markets and speaks to Andrew McHattie, editor of the Investment Trust Newsletter, and Chris Clothier, co-CIO at CG Asset Management, the manager of Capital Gearing Trust (CGT). Section Timestamps: 0:00:39 - This week's guests 0:01:46 - Review of the week 0:03:24 - Money Makers Circle 0:04:13 - Q&A with Andrew McHattie 0:04:13 - Summer performance 0:05:18 - Consolidation in the renewables sector 0:12:06 - Battery storage trusts 0:19:59 - Commercial property 0:26:26 - Other trusts at risk 0:33:38 - A more positive message 0:35:49 - Q&A with Chris Clothier 0:35:58 - The year so far and a period of heightened volatility 0:36:55 - Any meaning within the August spike 0:39:45 - Conquering inflation 0:44:54 - The position of Capital Gearing Trust 0:53:19 - Commercial property and discounts to NAV 0:56:54 - Private equity 0:59:10 - Reflecting on last year's legal issue 1:00:40 - Trust performance figures 1:03:14 - Close Trusts mentioned (with tickers) include: Ecofin US Renewables (RNEW), Aquila European Renewables (AERS), Triple Point Energy Transition (TENT), Gore Street Energy Storage (GSF), Greham House Energy Storage (GRID), Harmony Energy Income Trust (HEIT), Dunedin Enterprise Investment Trust (DNE), Balanced Commercial Property Trust (BCPT), Tritax Eurobox (EBOX), LondonMetric Property (LMP), Keystone Positive Change (KPC), J.P.Morgan Global Core Real Assets (JARA), Digital 9 Infrastructure (DGI9), PRS REIT (PRSR), BH Macro (BHMG), Aquila European Renewables (AERS), Smithson (SSON), RIT Capital Partners (RCP), Calendonia Investments (CLDN). 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 usual features, the Circle features a profile of Smithson Investment Trust (SSON). Future profiles include abrdn UK Smaller Companies Growth (AUSC) and Global Opportunities Trust (GOT). 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. 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 more than 220 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.