285: Money Makers Investment Trusts Podcast - with Alex Wright (05 July 2025)
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 Alex Wright, manager of the Fidelity Special Values Investment Trust, and Fidelity Special Situations, the open-ended equivalent fund.
This discussion was recorded on Tuesday 01 July 2025.
*** Out now: The 2025 Investment Trusts Handbook ***
The Investment Trusts Handbook is an independent educational publication designed to provide investors with a handy annual reference book that summarises all you need to know about investment trusts. Now in its eighth year, the Handbook is a high-quality, full-colour hardback of more than 340 pages, the largest yet, with reviews of the past year, extensive interviews and commentary, plus nearly 80 pages of “how to” information and performance data. Available to order from Harriman House (https://harriman-house.com/ithb2025) or Amazon. There is also a free e-book version you can read on a PC, tablet or smartphone, plus an audiobook version.
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Section Timestamps:
0:00:24 - Introduction
0:01:03 - The UK equity market
0:06:54 - Structural issues in the UK market
0:10:16 - The stock selection
0:11:50 - Getting the measure of Trump
0:15:35 - Domestic policy impact
0:17:38 - A short break
0:18:45 - The portfolio
0:29:38 - The small, mid, and large cap balance
0:33:42 - Discount and gearing
0:37:10 - Learnings from the last twelve years
0:39:38 - Active and passive management
0:43:01 - Close
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Produced by Ben Gamblin - www.bgprofessional.co.uk
UK