Weekly Investment Trusts Podcast - with Anthony Leatham and Tim Levene (08 Jul 2023)

In this week's edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, talks to Anthony Leatham, head of investment trust research at Peel Hunt, and Tim Levene, CEO of Augmentum Fintech (AUGM). Section Timestamps: 00:29 - Review of the week 01:42 - This week's guests 03:13 - The week's performance 04:12 - Money Makers Circle 04:47 - News, announcements, and results 07:46 - Q&A with Anthony Leatham 07:53 - Reaction to the market 11:56 - The broking business 14:06 - Factors involved in derating investment trusts 15:49 - Infrastructure and renewables 19:28 - Trusts sensitive to bond yield changes 22:47 - Battery storage sector 25:52 - Trusts sending distress signals 27:51 - M&A possibilities 32:04 - Q&A with Tim Levene 32:38 - The definition of fintech 34:30 - Performance over five years 41:16 - Investor scepticism about private equity 45:04 - Views on the current environment 47:37 - Artificial Intelligence 50:14 - The portfolio 52:23 - Investment structure 53:40 - Close Trusts mentioned this week (with tickers): Augmentum Fintech (AUGM), Oryx International (OIG), Schroder British Opportunities (SBO), Abrdn Private Equity Opportunities (APEO), Geiger Counter (GCL), 3i Infrastructure (3IN), Gore Street Energy Storage (GSF), Civitas Social Housing (CSH), RTW Biotech Opportunities (RTW), Edinburgh Worldwide (EWI), Greencoat UK Wind (UKW), Triple Point Energy Transition (TENT), Atrato Onsite Energy (ROOF), Digital 9 Infrastructure (DGI9), Pantheon Infrastructure (PINT), Sequoia Economic Infrastructure (SEQI), Bluefield Solar (BSIF), Gresham House Energy Storage (GRID), HICL Infrastructure (HICL), NextEnergy Solar Fund (NESF), Octopus Renewables Infrastructure (ORIT). 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 Invesco Bond Income Plus (BIPS), and charts will be provided that summarise the year's developments in the markets and investment trust sector. 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 over 160 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.