807 episodes

Concerned with QE's effects on equity valuations? Looking for ideas for your Isa? Or just plain confused by the stock market? Each week, the Investors Chronicle picks apart the latest news for companies, markets and funds in our regular magazine podcasts. Subscribe for these, along with CEO interviews, company-specific shows and special in-depth discussions on big market themes.

Investors' Chronicle Acast

    • Business

Concerned with QE's effects on equity valuations? Looking for ideas for your Isa? Or just plain confused by the stock market? Each week, the Investors Chronicle picks apart the latest news for companies, markets and funds in our regular magazine podcasts. Subscribe for these, along with CEO interviews, company-specific shows and special in-depth discussions on big market themes.

    Oakley's Steven Tredget: "Most private equity is now a force for good"

    Oakley's Steven Tredget: "Most private equity is now a force for good"

    The private equity sector may have generated very strong returns in recent history but many investors are yet to be won over. That's one interpretation of the fact that many of the private equity investment trusts available in the UK have had a stellar run of performance but still see their shares languish on substantial discounts to the value of portfolio assets.
    Steven Tredget, who works on Oakley Capital Investments (OCI), tells Dave Baxter about the trust's great performance in recent years, the processes behind it and its future prospects. But he also takes aim at those who obsess over share price discounts, warning that this can only prolong the problem.
    He also discusses the spate of private equity acquisition activity of 2021, and makes the case for private equity as an ESG-friendly asset class.
     
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    • 40 min
    Terry Smith: “The problem is most people don’t read the accounts”

    Terry Smith: “The problem is most people don’t read the accounts”

    Terry Smith, founder and chief executive of Fundsmith, has built the UK’s largest actively-managed fund via rigorous implementation of the simple mantra 'buy good companies, don’t overpay, do nothing'.
    In this interview, Smith tells Mary McDougall how he analyses and selects companies, how the rise of software has folded into his investment thinking and what trends he thinks currently look most promising.
    He also talks about the extent to which fund size is a challenge going forward, and what spurred him to buy Amazon (US:AMZN) this summer.
    Fundsmith Equity Fund has delivered an annualised total return of 18.4 per cent since its inception in November 2010, compared with 12.8 per cent for its benchmark MSCI World Index. It had assets under management of £27.9bn on 30 November 2021.
     
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    • 44 min
    Ian Mortimer and Matthew Page: “Some companies can immediately pass on prices"

    Ian Mortimer and Matthew Page: “Some companies can immediately pass on prices"

    Ian Mortimer and Matthew Page, managers of the Guinness Global Equity Income fund, take a different approach from some income managers by seeking companies with a "moderate yield and growing dividend" rather than chasing higher payouts.
    They talk to Dave Baxter about how this approach has worked in different scenarios and their view on the outlook for dividends - from surprisingly resilient sectors to their relative lack of exposure to Asia.
    The managers also tackle the thorny issue of inflation and make the case for quality dividend-payers as a buffer in a time of rising prices, while addressing questions about performance.
     
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    • 36 min
    Sam Cosh: Bucking the income trend with smaller company growth

    Sam Cosh: Bucking the income trend with smaller company growth

    Sam Cosh, manager of European Assets Trust (EAT), tells Leonora Walters why this trust is able to increase its dividend for 2021, and profiles some of the investments which are making this possible. 
    He also explains how he selects stocks, and highlights holdings which should do well going forward despite the pressure of the pandemic.
    European Assets Trust, launched in 1983, has a market capitalisation of £518m and paid a yield of 5.5 per cent on 17 November, according to Winterflood data.
     
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    • 22 min
    Partner Content: Connected Investor Podcast - A Crack in the China

    Partner Content: Connected Investor Podcast - A Crack in the China

    The latest episode of Connected Investor, the podcast from the Brunner Investment Trust, ponders the issue of tightening regulatory factors in China – what will that mean for China itself, the fortunes of companies and markets there and ultimately for the global economy and markets? To see the full podcast series visit https://www.brunner.co.uk/podcast/.
     
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    • 26 min
    Iain McCombie: “It’s a myth that you can’t find interesting companies in the UK”

    Iain McCombie: “It’s a myth that you can’t find interesting companies in the UK”

    Iain McCombie, manager of Baillie Gifford UK Growth Trust tells Mary McDougall how he tries to source the best growth opportunities among UK stocks and divulges what he has been buying and selling most recently. 
    He shares his thought process behind owning St James’ Place, Hargreaves Lansdown, Boohoo.com and Rightmove among other holdings and explains why the trust recently sought approval to invest in unquoted companies.  
    Iain has co-managed Baillie Gifford UK Growth Trust since June 2018 and is lead manager of Baillie Gifford’s UK core strategy. He is also a manager on a number of global funds and became a partner at Baillie Gifford in 2005.   
     
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    • 41 min

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