The Trust Show
Citywire's Trust Show brings investors the latest news and analysis on the world of investment trusts.
Baillie Gifford’s James Dow: What most income investors get wrong
James Dow, a global equity income fund manager at Baillie Gifford, on why long-term growth trumps all else, the Chinese market, and the lessons of great investors like Warren Buffett and the recently-retired James Anderson.
Peter Spiller: The bear waiting for the big crash & a bull market
Peter Spiller, the UK’s longest serving fund manager, explains how Capital Gearing Trust is waiting for a ‘Volcker moment’ when high inflation has caused markets to crash and interest rates are hiked aggressively, leading to a new golden era for investors.
Schroders on value stocks’ comeback: ‘Hostage to patience’ not fortune
Simon Adler, part of the Schroders team behind Global Recovery and other funds, makes the case for buying the cheapest stocks in the market and argues a recent recovery has barely scratched the surface after a lacklustre decade.
Private equity: How to invest in tech stocks without the bubble
Steven Tredget, partner at Oakley Capital Investments, reveals how the investment trust invests in established technology companies in Europe at lower valuations than publicly traded tech stocks.
GRID battery fund: How we make money from renewables
Ben Guest, manager of Gresham House Energy Storage, talks to Gavin Lumsden about how the volatility of power prices, not their high level, enables the battery fund to make impressive returns while helping the UK transition to clean energy.
Impax: Investing in a faster energy transition after Ukraine war
Jon Forster discusses the lessons of two decades running the pioneering £1.4bn Impax Environmental Markets investment trust and new opportunities created by an accelerated transition to green energy as a result of the war in Ukraine.
Income heavyweight Nick Clay: Why we left billions behind at ‘unsupportive’ Newton
Redwheel Global Equity Income fund manager Nick Clay discusses the right environment for success, the case for income investing, defence stocks post-Ukraine invasion and why you shouldn’t buy Microsoft.
Merchants Trust: How to invest in the new world order
Simon Gergel, manager of the 133-year-old UK equity income trust Merchants, talks to Gavin Lumsden about the stock market impact of high inflation, soaring energy prices and the war in Ukraine.
Liontrust’s sustainable supremos: Why we can keep beating the market
Peter Michaelis and Simon Clements, who run Liontrust’s top-performing £15bn sustainable fund range, discuss crashing growth stocks, greenwashing, under-pressure Unilever, and the pros and cons of private equity in this in-depth interview.
Top small caps fund manager: The 2022 outlook for UK equities
Daniel Hanbury, manager of the chart-topping £630m River & Mercantile UK Equity Smaller Companies fund, discusses valuations, hidden gems and whether the UK stock market can finally deliver a bout of outperformance this year.
Ruffer: We’re not a doomsday fund, but inflation upheaval is coming
Alex Chartres, manager of the £4bn Ruffer Total Return fund, discusses the protective qualities of UK equities, that famous bitcoin buy, conventional bonds as ‘killing fields’, and markets caught napping as a new inflationary era dawns.
John Chatfeild-Roberts: The secret to finding top fund managers
John Chatfeild-Roberts, the fund-picking heavyweight who heads up Jupiter’s £6.5bn Merlin range, discusses why he still believes in Terry Smith, personal lessons from Neil Woodford’s downfall, getting the rise of passive investing wrong and the key traits he hunts for in active managers.
Liontrust Special Situations: Our UK ideas are ‘as strong as ever’
Anthony Cross and Julian Fosh, managers of the top-performing and now giant £6bn Liontrust Special Situations fund, discuss the nature of competitive advantage among UK stocks, backing Shell and BP during the energy crisis, and why smaller companies remain the kings of compounding.
Fidelity’s Jeremy Podger: Big tech could be worth more broken up
Jeremy Podger, manager of the £3.3bn Fidelity Global Special Situations fund, discusses breaking up big tech, controversial takeovers and why he’s getting ready for ‘another leg’ of the value rally.
Jupiter: ‘Coiled spring’ Japan is still an active manager’s paradise
Dan Carter, manager of the Jupiter Japan Income fund, discusses investing for both income and growth in the country’s inefficient stock market, getting ‘creative’ as tech valuations rise, an unusual Olympics and why depressed Japanese equities are due a bounce.
Schroders: ‘Exciting’ Shell can help manage climate change
Sue Noffke, head of UK equities at Schroders, discusses dividends, the UK stock market recovery and her battle to make businesses like oil giant Royal Dutch Shell sustainable.
Gervais Williams: I’ve been waiting 30 years for UK micro caps to shine
Veteran Premier Miton fund manager Gervais Williams talks to Jeremy Gordon about how his funds and investment trusts bounced back last year after a shocking 2019, the joys of the Alternative Investment Market and why the outlook has never been better for the UK’s smallest listed companies.
10 years beating Warren Buffett by investing in UK stocks
Keith Ashworth-Lord, manager of Sanford DeLand’s top-performing UK Buffettology Fund, talks to Jeremy Gordon about his investment philosophy inspired by the ‘Oracle of Omaha’, why he’s not worried about the recent ‘value’ rotation and the importance of not taking profits.
Covid-19: What does the future of vaccination look like now?
(Sponsored) Gavin Lumsden talks to BB Healthcare fund manager Paul Major, life sciences leader Dr Annalisa Jenkins, and cancer expert Professor Justin Stebbing about the challenges we face keeping coronavirus at bay.
China’s a ‘growth honeypot, but you have to mind your eye’
Funds Fanatic Gavin Lumsden talks about investing around the world with Witan chief executive Andrew Bell for our ISA 2021 series.