Uncovering Trusts by Edison Group

In this episode, Edison analyst Joanne Collins discusses Murray Income Trust, which invests in high-quality, mainly UK-listed stocks, outlining its long term performance record and the rationale for holding some overseas stocks. The episode highlights the Board's commitment to maintaining the Company's 50 year track record of continuously rising dividends and explains why the managers are confiden...

In this episode, our director of content, investment trusts Milosz Papst dives into Deutsche Beteiligungs and its unique business model as an investor and asset manager focused on the private equity mid-market in the DACH region (Germany in particular) and neighbouring countries. He discusses the company’s portfolio shift in terms of sector exposure, as well as its latest entrance into the private...

Today Milosz dives into abrdn UK Smaller Companies Growth Trust and its high-conviction investment strategy driven by a proprietary Matrix screening tool. He outlines the manager’s seven principles for successful small-cap investing. He also discusses how the trust performed and its major portfolio activity recently. Finally, he explains the trust’s positioning amid attractive valuations of UK sto...

Today Milosz dives into the long heritage and disciplined approach to stock selection of The Merchants Trust. He discusses the trust’s opportunistic and contrarian style aimed at building a high-conviction, reasonably concentrated portfolio. He also highlights the trust’s AIC dividend hero status and its commendable performance record. He concludes by commenting on UK equities as an interesting in...

In today's episode, Milosz dives into how BlackRock Greater Europe Investment Trust has employed its concentrated, high-conviction strategy and broad investment remit to outperform the broad Europe ex-UK market. He also discusses the trust’s current cyclical bias, its overweight positions in technology, consumer discretionary and industrials, as well as its largest holding – the Danish pharma comp...

In this episode, Milosz dives into the bottom-up, unconstrained, contrarian approach of Invesco Asia Trust, which looks for ‘unloved’ investments across Asia with strong fundamentals that are trading at undemanding valuations. He discusses the trust’s current overweight position to China and South Korea, as well as its cyclical bias at present. He also elaborates on the trust’s dividend policy and...

Today Milosz dives into HgT’s portfolio of leading, profitable, unquoted European mid-market businesses with an international footprint, offering mission-critical, low-spend software solutions to SMEs. He discusses how HgT’s portfolio fulfils the so-called ‘Rule of 40’ by delivering revenue and EBITDA growth of around 20–30% per annum at a margin above 25% across its top 20 holdings. Finally, he d...