Welcome to The Two Johns, the investment trust podcast brought to you by the website. Each month, John Baron joins former Investors' Chronicle editor John Hughman to discuss the big themes dominating the investment landscape and the important issues affecting the sector, while explaining how these are influencing the way the website's ten live investment trust portfolios are being managed.
In this episode's three sections, they take a look at the factors which are likely to keep inflation higher and more volatile than previously expected, not least ongoing geopolitical tension; how the ability to borrow is another structural advantage enjoyed by investment companies over their open-ended counterparts, and how recent increases in gearing point to renewed optimism among managers;and how a continued narrowing of investment trust discounts to NAV from unusually elevated levels offers opportunity for value-conscious investors.
