Show Notes
This week on the Money Makers Podcast, industry veteran Neil Rogan, chairman of Invesco Asia Dragon Trust (IAD) and Baillie Gifford UK Growth (BGUK), joins Jonathan Davis, editor of the Investment Trusts Handbook (winner of the AIC Best Broadcast Journalist Award 2024 and 2025), for a discussion including making the case for investment trusts, sector governance, the AI bubble, and the performance of the two trusts.
This discussion was recorded on Tuesday 25 August 2026.
Jonathan is now writing market and other comments on Substack (jdinvestor.substack.com), and for those of you who follow Money Makers on social media, two new channels are now available - TikTok (@moneymakers_its) and Bluesky (@money-makers.co). Do give us a follow!
*** OUT NOW: The 2026 Investment Trusts Handbook *** Available to order from Harriman House: https://harriman-house.com/authors/jonathan-davis/the-investment-trusts-handbook-2026/9781804094358
The Investment Trusts Handbook 2026 is the ninth edition of the highly regarded annual handbook for anyone interested in investment trusts – often referred to as the City’s best-kept secret, or the connoisseur’s choice among investment funds. It is expertly edited by well-known author and professional investor Jonathan Davis, founder and editor of the Money Makers newsletter and podcast. It is available through bookshops and extensively online. The next edition of the Handbook, an independent educational publication, is now in preparation. With articles by 30 different authors, including analysts, fund managers and investment writers, plus more than 80 pages of detailed data and analysis, the latest edition is an indispensable companion for anyone looking to invest in the investment trust sector. ***
Section Timestamps: 00:37 - Introduction 01:38 - Making the case for investment trusts 08:56 - Launching new trusts 12:44 - Targeting a younger generation 15:47 - Saba Capital 19:03 - A short break 19:48 - Invesco Asia Dragon 26:46 - The Invesco Asia Dragon template 27:55 - Baillie Gifford UK Growth (BGUK) 34:40 - Calling for patience 37:15 - Outlook for the UK economy 40:09 - Assessing Murray Income’s absorption of Perpetual Income and Growth 44:39 - JPMorgan Global Growth and Income (JGGI) 46:30 - Close
If you enjoy the weekly podcast, why not also try 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 every week, including interviews, performance data, links to third party research, market/portfolio reviews and regular comments from the editor. A subscription costs £12 a month or £120 for one year, with a two week free trial available for new subscribers.
As well as the usual features, the Circle currently features a profile of Utilico Emerging Markets (UEM). Future profiles coming soon include HarbourVest Global Private Equity (HPVE) and Ruffer Investment Company (RICA). Our weekly subscriber email includes a comprehensive summary of all the latest news plus the week's biggest share price, NAV and discount movements. Subscribe and you will never miss any important developments from the sector.
For more information please visit https://money-makers.co/circle.
Membership helps to cover the cost of producing the weekly investment trust podcast, which will continue to be free for the foreseeable future. We are very grateful for your continued support and the enthusiastic response to our nearly 350 podcasts since we launched in 2020.
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 - www.bgprofessional.co.uk
More from Money Makers
Regular contributor Andrew McHattie, the editor of the Investment Trusts Newsletter, returns this week to the Money Makers Investment Trusts Podcast, with award-winning host Jonathan Davis, editor of the Investment Trusts Handbook and AIC Best Broadcast Journalist for three years running. Their discussion this time includes AIC research comparing investment trusts performance with their open-ended rivals, Seraphim Space's spectacular full-year results, and corporate activity in the private equity sector.
This week on The Money Makers Podcast, award-winning host Jonathan Davis (editor of the Investment Trusts Handbook and winner of the AIC Best Broadcast Journalist Award, now for three years running) is joined by Craig Baker, chairman of the Investment Committee at Alliance Witan (ALW), and Richard Sennitt, manager of Schroder Oriental Income (SOI).
This week on The Money Makers Podcast, award-winning host Jonathan Davis (editor of the Investment Trusts Handbook and winner of the AIC Best Broadcast Journalist Award, now for three years running) is joined by the co-managers of Fidelity Emerging Markets (FEML), Nick Price and Chris Tennant, in a discussion including the fund's 99% recovery, short-selling strategies, and AI plus commodity outlooks.
As Saba Capital takes aim once again at Baillie Gifford US Growth (ticker: USA), chairman Tom Burnet and co-manager Kirsty Gibson are this week's guests on the Money Makers Investment Trusts Podcast with Jonathan Davis (editor of the Investment Trusts Handbook and winner of the AIC Best Broadcast Journalist Award, now for three years running), where they discuss Saba's requisition at the upcoming AGM and the importance of shareholder participation in the vote, as well as the trust's performance and portfolio holdings.
Peter Hewitt, former fund manager, director at the AIC, and director at Odyssean, joins Jonathan Davis (editor of the Investment Trusts Handbook and winner of the AIC Best Broadcast Journalist Award 2024 and 2025) in this edition of the Money Makers Investment Trusts podcast, in a discussion including emerging markets, smaller companies, and renewables and infrastructure trusts.