Investors' Chronicle

Chrysalis Investments (CHRY) has made considerable gains by backing a small number of rapid growth companies, with a heavy weighting in fintech. In this interview, co-managers Nick Williamson and Richard Watts tell Mary McDougall why they aim to invest in companies before flotation and why they believe the opportunity for so-called crossover investors is huge. Discussing the investment case for Kl...

The stimulus needed to support the economy over the pandemic has caused a spike in public debt and rising inflation fears. To help make sense of what might come next, Nick Macpherson, former Treasury chief, tells Mary McDougall how he thinks the government should approach bringing the nation’s debt under control, and why it matters. Discussing the problems with austerity, the distributional conseq...

Temple Bar Investment Trust (TMPL) has surged ahead in the last year but its focus on "old economy" UK stocks may be off-putting for some. In this interview RWC Partners fund managers Ian Lance and Nick Purves, who took over the portfolio last year, make the investment case for Big Oil, miners, some retail names and other stocks some investors love to hate. In this interview with Dave Baxter,...

In this podcast episode from The Merchants Trust, portfolio manager Simon Gergel looks back over the five years since the Brexit referendum where many different factors combined to create a particularly extraordinary and challenging period for the UK market. However, the trick has been to look through the various market uncertainties and using that lens, many mispriced opportunities have presented...

Tim Creed and his colleagues certainly have their hands full, having taken over the former Woodford Patient Capital trust in 2019. They also work on a separate trust,  Schroder British Opportunities (SBO) , which launched late last year with a focus on the "once in a generation" demand for post-pandemic finance among listed and unlisted entities in the UK. In this interview, Creed talks...

As a dedicated value investor, River & Mercantile fund manager Hugh Sergeant has perhaps unsurprisingly made big gains from the cyclical rally of recent months, with the River and Mercantile UK Recovery and River and Mercantile Global Recovery funds posting big returns. Now, with the rebound losing some of its momentum in the last few weeks, he makes the case for belea...

As inflation rises, inventors are questioning if central bankers are right that inflation will only be transitory. Today’s podcast guest - Karl Sternberg, chairman of the investment committee of Christ Church, one of the largest Oxbridge endowments - says there is a good case to be sceptical about central banks’ ability to ensure monetary stability. In this interview, Karl tells Mary McDougall how...

James De Uphaugh and his team might have questioned their luck when they took over the running of the Edinburgh Investment Trust in March 2020. Sixteen months on, the trust has both outperformed its benchmark and recovered its pandemic losses, all with a UK-dominated equity portfolio. In this conversation with the IC, the Majedie Asset Management chairman and co-founder gives his take on...

In this interview, Charles Stanley head of passives Lynn Hutchinson and Morningstar passive strategies analyst Briegel Leitao talk to Dave Baxter about some of the biggest recent developments in the ETF world and what they mean for investors. They look at the rapid rise of thematic funds, the continuing evolution of ESG investing in a passive format and what investors should remember when seeking...

Europe can be overlooked by investors, but following encouraging economic data, significant fiscal expansion and a slew of companies beating earnings expectations, its stock market - as measured by MSCI Europe ex UK Index - has beaten all other major investing regions so far this year. In this interview, Jamie Ross, manager of Henderson Eurotrust (HNE) tells Mary McDougall why he continues to back...

Stephen Yiu, manager of Blue Whale Growth Fund, tells Mary McDougall how he constructs a concentrated portfolio of companies he believes are very high quality and can do well in all macroeconomic conditions. He shares why he has sold Unilever (ULVR), Boston Scientific (US:BSX) and Moncler (IT:MONC), and why he has conviction in Kering (FR:FER), Adobe (US:ADBE), Alphabet (US GOOGL), Mastercard (US:...

Nick Kirrage and Simon Adler, managers of Schroder Global Recovery Fund and Schroder Recovery Fund, tell Leonora Walters about their approach to value investing and how they take advantage of behavioural biases. They also set out why they like financials and energy companies. While Schroder Global Recovery has underperformed its peers over the past five years, it is up 47.5 per cent over 12 months...

There's a lot of hype around crypto, but blockchain technology is in its infancy - and has the potential to overhaul how we do business. In this interview, Frederik Gregaard, chief executive officer of the Cardano Foundation, tells James Norrington what the Cardano platform is trying to achieve and why many cryptocurrencies shouldn’t be thought of in terms of currency. They also discuss how decent...

Adrian Lim and Pruksa Iamthongthong, co-managers of Asia Dragon Trust (DGN), tell Mary McDougall what they have been buying and selling as vaccination programmes progress and inflation fears pick up. They explain why they continue to support new economy stocks, how the antitrust proceedings are progressing in China and if climate change might threaten the region’s chipmakers. They also discuss how...

In this podcast episode from The Brunner Investment Trust, a three-part discussion covers; recent developments in volatile markets, how a different approach from policy makers around the world is providing ongoing monetary and fiscal stimulus plus a focus on the healthcare industry, and a look at the Trust's annual results and the current dividend/income situation. To see the full podcast series v...

Janus Henderson's James Henderson tells Mary McDougall where he thinks the best value is in the UK stock market, what his favourite holdings are, how he values companies and what the key differences are between the funds he manages. James is co-manager of Lowland Investment Company (LWI), Henderson Opportunities Trust (HOT) and the equity portfolio of Law Debenture (LWDB). He also co-manages Janus...

In this interview, three fund managers from Liontrust’s Sustainable Future investment team tell Dave Baxter how a planned ESG investment trust will differ from the funds they already run. Peter Michaelis, Simon Clements and Chris Foster also discuss the most important ESG criteria to use in different sectors, how to deal with a holding that runs into controversy and why Alphabet is one of their mo...

Emerging markets are not associated with high environmental, social and governance (ESG) standards but Mobius Investment Trust applies this kind of investment approach in these regions. The trust's co-manager, Carlos Hardenberg, explains how it is possible to do this, how ESG standards vary in different countries and he also takes ‘culture’ factors into account. Hardenberg profiles some of the tru...

Baillie Gifford has delivered some tremendous returns to investors across a wide range of funds over a long period of time, and the man at the heart of it all has been Charles Plowden, joint senior partner and chief of Baillie Gifford’s investment staff from 2006 to 2021.  In this interview, Charles tells Mary McDougall how the Scottish firm has grown to become the dominant force it is t...

On this week's Alpha Podcast, Phil Oakley explains to John Hughman why he's growing more fearful of an inflation headwind for equities, and reveals one company he expects to power its way through it Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities. Investors' Chronicle is a service by the Financial Times . Hosted o...

We’re all very grateful to the healthcare industry for the amazing work it has done to create vaccines and treatments to help fight the pandemic. But what is the investment outlook now for the companies in the biotech sector? In this interview, Ailsa Craig of the International Biotechnology Trust (IBT) shares what types of companies she looks to own, where she sees the value in the biotech industr...

On this week's Alpha Podcast, John Hughman and Phil Oakley ask whether asset price bubbles are forming everywhere, and assess the prospects for three British retailers proving that physical stores still matter. Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities. Investors' Chronicle is a service by the Financial Time...

A cashless, cashier-less supermarket experience. Simply walk in, load up your bags, and walk out, without any queuing, fumbling for wallets or human interaction whatsoever. This is not out the pages of a sci-fi novel, but a new venture from Amazon that has recently arrived on the streets of London. Yes, this month ‘Amazon Fresh’ has opened in two locations, firstly Ealing and most recently Wembley...

Shares in Games Workshop and Fevertree Drinks both took a tumble last week, but which one does Phil think is most likely to bounce back? Find out on this week's Alpha podcast, and why he also thinks a boardroom bust up at BT could be good news for shareholders.  Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportun...

On this week's Alpha Podcast John Hughman and Phil Oakley explain how Morrison's is shaping up into an online grocery powerhouse, why life in an uber-competitive post-lockdown takeaway market may be tough for Domino's Pizza, and why shares in the LSE could be worth a nibble as it gets itself in shape. Investors' Chronicle has supported private investors in the UK for over 160 years by highlig...