Kepler Trust Intelligence Podcast
The Kepler Trust Intelligence Podcast features leading figures from across the investment trust sector, giving their take on the markets, investment ideas, and different closed-ended funds.
Trust Issues: Investing in emerging markets with FEML's Chris Tennant
In this episode of Trust Issues, Chris Tennant, co-manager of Fidelity Emerging Markets (FEML), discusses the trust's differentiated features, how emerging market tech exposure differs from that in the US, and why Indonesia could be the most underestimated developing economy around.
00:00 Introduction
01:05 How FEML differentiates itself from its emerging market sector peers
03:11 What FEML looks for when investing in a company
04:33 How FEML identifies companies to short
07:14 How emerging markets' technology and AI exposure differs from America's
08:54 Opportunities FEML is finding in the Chinese technology space
<...Trust Issues: Investing in the biotech sector with BIOG’s Josh Golomb
In this episode of Trust Issues, we speak to Josh Golomb, manager of The Biotech Growth Trust, about the investment case for the biotech sector, including recent performance, current allocations, the rise of Chinese biotech and finding the most compelling opportunities across the sector.
00:00 Introduction
00:34 Fund objectives and current allocations
02:21 Private company exposure
03:32 Small v large-cap opportunities
04:32 Evaluating first-mover advantage
06:16 Managing downside risk
07:00 Thoughts on performance
11:14 Importance of M&A
14:27 Merits of remaining independent
15:28 Regulatory backdrop in t...
Trust Issues: Investing in emerging markets with JEMI’s Omar Negyal
In this episode of Trust Issues, we speak to Omar Negyal, manager of JPMorgan Emerging Markets Dividend Income, about the investment case for emerging markets, including recent performance, current allocations, valuations in Taiwan and Korea and finding the most compelling opportunities across emerging markets.
00:00 Introduction
00:35 Fund objective
01:55 Current allocations
03:32 Balancing income with capital growth
04:28 Evaluating opportunities
06:36 Avoiding value trips
08:14 Importance of dividends
08:57 Evolution of emerging markets
10:15 Valuations in Taiwan and Korea
12:24 Assessing AI opportunities
13:15 Income credentials of emerging markets
16:07 Thoughts on performance
17:48 Managing downside risk<...
Monthly Roundup: A Scottish Mortgage challenger, who's winning in Asia and how many S&P 500 losers?
Join Jo Groves, Ryan Lightfoot-Aminoff and David Brenchley from Kepler Trust Intelligence for a roundup of all the news that matters to investment trust investors in September, brought to you in association with Schroders.
In the news, Ryan looks at a multitude of manager changes including the retirements of some industry veterans, as well as the details of a proposed combination between two UK smaller companies trusts. Elsewhere in results, he looks over the key details of Schroder Asian Total Return (ATR)’s full year report, including a progress update on the proposed combination with Pacific Assets (PA...
Trust Issues: Investing in digital infrastructure with CORD’s Steven Marshall
In this episode of Trust Issues, we speak to Steven Marshall, Chairman of Cordiant Digital Infrastructure, about investing in digital infrastructure sector, including the opportunity in AI data centres, the latest on the Prague Gateway development and the diversification potential for investors.
00:00 Introduction
00:35 Buy, build & grow philosophy
01:58 Role of investment team
03:25 Evaluating new opportunities
05:45 Opportunities around AI
08:05 Role of edge data centres
10:01 Status of Prague Gateway
11:48 BT Ireland integration
13:55 Opportunities in 5G broadcast
16:35 Drivers of outperformance
18:03 Delivering capital growth
19:43 Thoughts on discount
21:41 Move to FTSE 250
Trust Issues: Investing in China with FCSS's Dale Nicholls
In this episode of Trust Issues, Dale Nicholls, manager of Fidelity China Special Situations (FCSS), discusses the technological innovation coming out of China, potential improvements to come in consumer confidence and investing in Chinese private companies.
00:00 Introduction
01:14 FCSS's investment philosophy
03:24 How investors are underestimating Chinese technological innovation
06:06 How Dale assesses the risk of political governance in China
08:32 Is sentiment towards the property market starting to improve?
11:48 Why tariffs are less of a risk today
14:02 The opportunities Dale is seeing in private companies
15:47 How...
Trust Issues: Investing in Japan with CCJI's Theo Wyld
In this episode of Trust Issues, Theo Wyld, portfolio manager and analyst for CC Japan Income & Growth (CCJI), provides some insights from his recent trip to Japan, considers what impact the return of inflation might have on corporates and household savings, and updates us on where the trust is seeing opportunities at the moment.
00:00 Introduction
00:58 On-the-ground insights from Theo's most recent trip to Japan
02:16 The pros and cons of being based in London when investing in Japan
04:54 What the return of inflation means for Japan and Japanese companies
07:42 Why...
Trust Issues: Investing in Asian equities with JAGI's Robert Lloyd
In this episode of Trust Issues, Robert Lloyd, co-manager of JPMorgan Asia Growth & Income (JAGI), discusses the importance of Korea and Taiwan to the artificial intelligence build-out, the opportunities and risks AI brings, Korea’s corporate governance revolution and why he thinks the market is underestimating the Chinese consumer.
00:00 Introduction
00:59 Why Asia is so important to the artificial intelligence build-out
04:15 How AI investment is powering economic growth in Asia
05:11 What are the risks of such big investments into AI?
08:02 How JAGI assesses AI disruption risk
11:03 The similarities an...
Monthly Roundup: Renewables return to most bought, a RIT Cap run through plus AI bubble or not?
Join Jo Groves, Ryan Lightfoot-Aminoff and David Brenchley from Kepler Trust Intelligence for a roundup of all the news that matters to investment trust investors in July, brought to you in association with Schroders.
In the news, Ryan highlights the destination of former River UK Micro Cap (RMMC) manager George Ensor, as well as picking over the positive, and negative, news from International Public Partnerships (INPP).
Before running through their recent half-year results, David provides a summary on RIT Capital Partners (RCP), including how the portfolio works. In the results, David highlights some of the p...
Trust Issues: Investing in private equity with NBPE's Paul Daggett
In this episode of Trust Issues, we speak to Paul Daggett, co-manager of Neuberger Private Equity Partners, about the investment case for private equity, why he's seeing bright spots within NBPE's portfolio and how management assesses AI risk when investing.
00:00 Introduction
00:59 Bright spots in the performance of NBPE's underlying portfolio
02:41 How younger vintages are outperforming and why it's crucial to refresh the portfolio
05:25 What is a mid-life co-investment and why are they so attractive to NBPE today?
08:22 How NBPE's portfolio might look in five years' time
10:17 How...
Monthly Roundup: Rockwood’s new stocks, UKW results and the manager merry go round
Join Jo Groves, Ryan Lightfoot-Aminoff and David Brenchley from Kepler Trust Intelligence for a roundup of all the news that matters to investment trust investors in July, brought to you in association with Schroders.
In the news, Ryan looks at the recent transfers in the investment trust management space, with changes at River UK Micro Cap (RMMC), as well as discussing a possible surprise announcement of who is taking over Golden Prospect Precious Metals (GPM). Next, he picks up on another dividend increase from Invesco Global Equity Income (IGET) and what this means in the context of...
Trust Issues: Investing in Europe with FEV’s Marcel Stötzel
In this episode of Trust Issues, we speak to Marcel Stötzel, manager of Fidelity European, about the investment case for European equity sector, including the recent rally, the changing macro back-drop, positioning around AI and finding the most compelling opportunities across the sector.
00:00 Introduction
00:32 Drivers of the rally
02:34 Is Europe a global or regional play?
03:29 Is Europe cheap for a reason?
05:57 Impact of German fiscal change & defence spending
07:29 Narrowing down the universe
08:50 Key investment criteria
10:05 Balancing conviction with risk management
12:16 Average holding period
14:31 Most compelling opportunities & AI
Trust Issues: Investing in UK small-caps with BRSC
In this episode, we speak to Thomas McMahon, Head of Investment Companies Research at Kepler Trust Intelligence, about the opportunity for investors in UK small-caps and BlackRock Smaller Companies in particular.
We discuss the outlook for the sector, including recent performance and the economic backdrop, alongside BRSC’s investment strategy, recent merger and income credentials.
00:00 Introduction
00:25 Why invest in UK small-caps
02:48 Sector performance
04:00 Rationale for merger
04:50 Changes to fees and tender offers
05:37 Investment strategy
06:15 Portfolio construction
06:55 Risk management
07:45 Income cr...
Trust Issues: special edition on investing in Europe
In this episode, we speak to Alan Ray, Analyst at Kepler Trust Intelligence, about the investment case for Europe. We also run the rule over JEGI’s investment strategy and performance, as well as the rollover option into JPMorgan European Growth & Income for shareholders in the European Opportunities Trust.
00:00 Introduction
00:24 Overview of EOT transaction
03:35 What JEGI offers investors
05:49 JEGI’s dividend policy
08:33 JEGI’s investment approach
10:26 Key investment criteria
13:32 Investment case for European equities
18:57 Economic backdrop beyond Germany
21:22 Europe’s AI expertise
25:21 Further information
25:39 Risk warning
Our la...
Monthly Roundup: UKW goes back to basics, odd UK small-cap yields and PAC's strategic review outcome
Join Ryan Lightfoot-Aminoff, David Brenchley and guest presenter Josef Licsauer from Kepler Trust Intelligence for a roundup of all the news that matters to investment trust investors in June, brought to you in association with Schroders.
In the news, Ryan looks over the outcome of the Pacific Assets (PAC) strategic review, and why Schroder Asian Total Return (ATR) is about as close as a match as possible for shareholders. Elsewhere, IPO news continues to be positive, with Bending Spoons proving beneficial for both Schiehallion (MNTN) and Baillie Gifford European Growth (BGEU), as well as possible spillover effects...
Trust Issues: Investing in US small-caps with BASC’s Christopher Berrier
In this episode of Trust Issues, we speak to Christopher Berrier, manager of Brown Advisory US Smaller Companies (BASC), and Rob Furlong, equity research analyst, about the investment case for US small-caps. We discuss the drivers of the US small-cap rally, portfolio changes, thoughts on AI and software services and M&A activity, amongst other things.
00:00 Introduction
00:41 Drivers of US small-cap rally
03:43 Portfolio changes versus the benchmark
09:00 Weighing up AI winners and losers
15:18 Impact of higher oil prices
21:33 M&A activity
26:22 Further information
26:35 Risk warning
Our latest note o...
Monthly Roundup: Nick Train changes approach, IBTs impressive interims & Intel’s 25-year break even
Join Jo Groves, David Brenchley and Ryan Lightfoot-Aminoff from Kepler Trust Intelligence for a roundup of all the news that matters to investment trust investors in May, brought to you in association with Schroders.
Before covering the news, David provides a quick update on space stories from last month, including the outcome of Seraphim Space (SSIT)’s C-share raise, and the impact of the impending SpaceX IPO on the results of Scottish Mortgage (SMT). This leads onto a small side quest to May’s most bought and sold trusts, which is dominated by space and semiconductors.
Ryan...
Trust Issues: Investing in UK wind farms with UKW's Matt Ridley
In this episode of Trust Issues, we speak to Matt Ridley, partners at Schroders Greencoat and co-manager of Greencoat UK Wind (UKW).
Matt explains what UKW invests in, how it invests and how it manages its wind farm assets, and outlines some of the supportive tailwinds for the wind industry - including artificial intelligence. He also discusses the pushback we've seen from some quarters on the route to net zero, as well as how UKW hopes to get back to making new investments.
00:00 Introduction
01:34 What does UKW invest in?
02:27 How cyclical...
Investing in a Liquid-Endowment strategy with Marylebone Partners' David Cornell
In this episode of Trust Issues, we speak to David Cornell, investment director at Marylebone Partners, which is now a part of Brown Advisory and manages Majedie Investments (MAJE).
David explains MAJE’s liquid endowment strategy, talks us through the kinds of investments it owns and how it selects them, before discussing where the team is seeing value today and why he thinks that owning the haystack is no longer the most sensible investment strategy.
00:00 Introduction
01:18 What Marylebone Partners does and how it manages its clients’ money
02:57 What is a liquid endo...
Market Matters with Rebekah McMillan from Neuberger
Our monthly podcast brings you big-picture insights from leading investment experts, exploring the opportunities, challenges and risks shaping investor portfolios.
This month’s guest is Rebekah McMillan, associate portfolio manager at Neuberger. We talk through cover a wide range of topics including the forces driving gold and silver higher, why copper and uranium could be the defining metals of the energy transition and whether the long-awaited rotation into commodities is finally becoming a reality.
00:00 Introduction
00:34 Career path
02:05 Key overweights and underweights
04:02 Vulnerability to rising oil prices
06:56 Can the S&P 500 keep risi...
Monthly Roundup: Space drives Scottish Mortgage & Seraphim issuance, and new policies hit Greencoat
Join Jo Groves, David Brenchley and guest presenter Thomas McMahon from Kepler Trust Intelligence for a roundup of all the news that matters to investment trust investors in March, brought to you in association with Schroders.
In the news, Thomas looks at the prospects for Seraphim Space’s (SSIT) bumper fundraise with plans to raise up to £350m by way of a C share. This leads onto news of Scottish Mortgage (SMT) also issuing shares, largely as a result of the impact of SpaceX on performance and commentary of what these raises say about the health of...
Market Matters featuring Sharmin Rahman from Liontrust
Our monthly podcast brings you big-picture insights from leading investment experts, exploring the opportunities, challenges and risks shaping investor portfolios.
In this month's episode, our guest is Sharmin Rahman, an investment manager specialising in fixed income for Liontrust and fund manager on the Liontrust GF High Yield Bond fund.
We discuss all things high-yield bond and fixed income, thoughts on the indiscriminate sell-off in software names, how the quality of the high-yield space has improved over the years and investors should put more emphasis on sell discipline.
00:00 Introduction
00:56 Background to becoming...
Monthly Roundup: Top performing managers leave, BlackRock's gold view and who's buying India?
Join Jo Groves, Ryan Lightfoot-Aminoff and David Brenchley from Kepler Trust Intelligence for a roundup of all the news that matters to investment trust investors in March, brought to you in association with Schroders.
In the news, Ryan looks at the impact of manager changes at the highly successful Golden Prospects Precious Metals (GPM), Geiger Counter (GCL) and CQS Natural Resources Growth & Income (CYN) trusts. Next, he summarises the fee changes at Alliance Witan (ALW) and STS Global Income & Growth (STS), before briefly running through the updates of the Saba saga on Edinburgh Worldwide (EWI) and Impax...
Trust Issues: investing in Indian equities with AIE's Ayush Abhijeet
In this episode of Trust Issues, we speak to Ayush Abhijeet, investment director at WhiteOak Capital Partners, the investment advisor to Ashoka India Equity (AIE).
Ayush talks us through the reasons why the Indian stock market has been going through a period of weakness, what catalysts could cause a recovery and why, despite the difficult backdrop, Indian companies remain committed to initial public offerings. Ayush also tells us how AIE's knowledge and expertise enables management to take advantage of this through pre-IPO investing.
00:00 Introduction
01:37 Why has India's stock market underperformance other emerging markets...
Market Matters with Olivia Markham from BlackRock World Mining
Our monthly podcast brings you big-picture insights from leading investment experts, exploring the opportunities, challenges and risks shaping investor portfolios.
In this month's episode, our guest is Olivia Markham, manager of BlackRock World Mining. We cover a wide range of topics including the forces driving gold and silver higher, why copper and uranium could be the defining metals of the energy transition and whether the long-awaited rotation into commodities is finally becoming a reality.
00:00 Introduction
00:32 Background to fund management
01:40 Key drivers of the gold rally
03:24 Impact of issues in...
Monthly Roundup: Growth of SpaceX, UKW’s dividend cover and what’s popular with ISA millionaires?
Join Jo Groves, Ryan Lightfoot-Aminoff and David Brenchley from Kepler Trust Intelligence for a roundup of all the news that matters to investment trust investors in February, brought to you in association with Schroders.
In the news, Ryan looks over the corporate activity in the year, including the proposed combination of BlackRock Throgmorton (THRG) and BlackRock UK Smaller Companies (BRSC). Elsewhere, he looks at the potential outcomes for European Opportunities (EOT)’s strategic review, before a quick update on Impax Environmental Markets (IEM)’s ongoing battle with Saba.
Meanwhile, David recaps the Greencoat UK Wind (UKW...
Market Matters with Lucie Majstrova from Baillie Gifford
In this month’s episode, our guest is Lucie Majstrova, investment specialist for private companies at Baillie Gifford. We discuss a range of topics including the investment case for private companies, why companies are staying private for longer, her thoughts on Anthropic and the most compelling opportunities across private markets.
00:00 Introduction
00:34 Background to asset management
01:28 Investment case for private companies
03:31 What is growth capital
05:06 Why companies are staying private
07:44 Potential IPOs of private companies
08:26 Misconceptions around growth equity
11:16 Thoughts on Anthropic and AI labs
13:58 Growth trajectory of SpaceX
16:44 Be...
Trust Issues: Investing in infrastructure debt with SEQI’s Randall Sandstrom
In this episode of Trust Issues, we speak to SEQI’s Randall Sandstrom about the investment case for infrastructure debt, including recent performance, exposure to data centres and the most compelling opportunities across the sector.
00:00 Introduction
00:43 What SEQI offers investors
06:27 Recent performance
10:03 Exposure to data centres
12:00 Green flags for investment
14:30 Sensitivity to interest rates
16:59 Level of construction risk
18:56 Most compelling opportunities
20:44 Further information
21:00 Risk warning
Our latest note on SEQI - https://www.trustintelligence.co.uk/investor/articles?fund_id=1742
SEQI website - https://www.seqi...
Monthly Roundup: UKW changes dividend, portfolio head-to-head results and has Saba been snookered?
Join Jo Groves, Ryan Lightfoot-Aminoff and David Brenchley from Kepler Trust Intelligence for a roundup of all the news that matters to investment trust investors in January, brought to you in association with Schroders.
In the news, David talks through what the recent changes in government policy could have on Greencoat UK Wind (UKW) and how this changes their dividend outlook. Elsewhere Ryan runs the rule over some corporate activity, including the proposed combination of Aberdeen Equity Income (AEI) and Shires Income (SHRS) as well as a sizeable tender offer at Vietnam Enterprises (VEIL).
Meanwhile, t...
Trust Issues: Investing in frontier markets with BRFI’s Emily Fletcher
In this episode of Trust Issues, we speak to Emily Fletcher, manager of BlackRock Frontiers, about the investment case for frontier and emerging markets, including recent performance, portfolio allocations, navigating through geopolitical issue and the most exciting opportunities across the sector.
00:00 Introduction
00:38 How BRFI differs from other funds
02:24 What BRFI offers investors
03:52 Sourcing opportunities
05:37 Navigating geopolitical risk
11:44 Managing liquidity
13:06 Thoughts on performance
15:17 Income generation
16:51 Case for Saudi Arabia and the UAE
20:05 Balance of export v domestic growth
21:38 Exposure to smaller markets
23:38 Thoughts on current valuations
24:38 Ke...
Market Matters: Featuring Alexandra Jackson from Rathbones
Market Matters is a monthly podcast from Kepler Trust Intelligence that delivers big-picture insights from leading investment specialists, exploring the opportunities, challenges, and risks shaping investors’ portfolios.
This month, we are joined by Alexandra Jackson, manager of the Rathbone UK Opportunities fund, which invests in UK mid-cap companies.
In this episode, Alexandra talks us through her route to becoming a fund manager, in which sector she thinks the UK stock market's stardust resides, why the picture for UK plc and our economy isn't as bad as some think, and riding the highs and lows of he...
Trust Issues: Investing in UK small caps with RKW’s Richard Staveley
In this episode of Trust Issues, we speak to Richard Staveley, manager of Rockwood Strategic, about the investment case for UK small-caps, including recent performance, the catalysts for a rally in UK small-caps, the outlook for M&A and the most exciting opportunities across the sector.
00:00 Introduction
00:39 Performance in 2025
05:33 Catalysts for a small cap rally
09:39 Valuations and stock selection
13:33 Outlook for M&A
18:12 What makes Rockwood different
22:08 Further information
22:27 Risk warning
Our latest note on RKW - https://www.trustintelligence.co.uk/investor/articles?fund_id=1610
RKW w...
Monthly Roundup: Net zero's future, growth capital opportunities and has SMT breached its rules?
Join Jo Groves, Ryan Lightfoot-Aminoff and David Brenchley from Kepler Trust Intelligence for a roundup of all the news that matters to investment trust investors in December, brought to you in association with Schroders.
In news, David summarises round two in the Edinburgh Worldwide (EWIT) Saba battle, before Ryan provides a quick summary of the aborted HICL/TRIG merger, as well as running the rule over what is happening with Chrysalis (CHRY), and what implications this could have for other trusts in the growth capital sector.
Meanwhile, in the results of the last month, Ryan lo...
Trust Issues: Investing in emerging markets with AWEM's Hiren Dasani
In this episode of Trust Issues, we speak to Hiren Dasani, portfolio manager for Ashoka WhiteOak Emerging Markets Trust (AWEM), to talk about the outlook for emerging markets, after a strong 2025, what AWEM’s portfolio looks like today and how AWEM chooses companies in which to invest.
00:00 Introduction
01:14 Why emerging markets had such good performance in 2025
03:37 How AWEM distinguishes true quality companies from quality traps
06:31 Why AWEM prefers investing in non-state-owned enterprises
10:20 AWEM's overweight to developed market stocks that derive revenue from emerging countries
14:01 How AWEM invests in...
Market Matters: Featuring Deirdre Cooper from Ninety One
Market Matters is a monthly podcast from Kepler Trust Intelligence that delivers big-picture insights from leading investment specialists, exploring the opportunities, challenges, and risks shaping investors’ portfolios.
This month, we are joined by Deirdre Cooper, head of sustainable equity at Ninety One. Deirdre co-manages Ninety One's Global Environment strategy, investing in companies enabling the transition to a low-carbon economy to capture the structural growth driven by decarbonisation.
In this episode, Deirdre talks about her introduction to sustainable investment, why the drive towards electrification and decarbonisation has moved from West to East, and why now might be...
Monthly Roundup: Can UKW maintain its dividend, IBT rides the biotech rally and why buy Temple Bar?
Join Jo Groves, Ryan Lightfoot-Aminoff and David Brenchley from Kepler Trust Intelligence for a roundup of all the news that matters to investment trust investors in November, brought to you in association with Schroders.
In news, Ryan provides an update on the implication of the government consultation on renewable energy subsidies to infrastructure trusts such as Greencoat UK Wind (UKW). He also takes us through what investors can expect from the Invesco Global Equity Income (IGET) and Franklin Global Trust (FGT) tie-up, including the potential impact on fees, in addition to the move to an OEIC structure...
Trust Issues: Investing in digital infrastructure with CORD’s Steven Marshall
In this episode of Trust Issues, we speak to Steven Marshall, Chairman of Cordiant Digital Infrastructure, about the investment case for the digital infrastructure sector, including capturing the AI opportunity, the new Prague Gateway development and the key drivers behind the trust’s outperformance.
00:00 Introduction
00:40 Buy, build & grow philosophy
02:21 Importance of operational control
03:23 Skin in the game
04:21 Capturing upside in AI
08:12 Prague Gateway development
10:40 Key opportunities in fibre
12:36 The future of broadcast infrastructure
16:54 Drivers of outperformance
19:40 Financing future growth
21:08 Overview of investment case
23:36 Further information
23:56 Ris...
Market Matters: Featuring Chloe Smith from Sanford DeLand
Market Matters is a monthly podcast from Kepler Trust Intelligence that delivers big-picture insights from leading investment specialists, exploring the opportunities, challenges, and risks shaping investors’ portfolios.
This month, we are joined by Chloe Smith, fund manager at Sanford DeLand Asset Management. Chloe joined Sanford Deland in October 2021, initially as an investment analyst and is now co-manager on the TM SDL UK Buffettology and TM SDL Free Spirit funds.
In this episode, Chloe tells us why moving to London isn’t the be-all and end-all to a career in finance, what she’s learnt from Warren...
Trust Issues: Investing in the mining sector with BRWM’s Olivia Markham
In this episode of Trust Issues, we speak to Olivia Markham, manager of BlackRock World Mining, about the investment case for the mining sector, including gold’s record-breaking run, demand for copper, M&A and the most compelling opportunities across the sector.
00:00 Introduction
00:36 Drivers of recent performance
02:00 Outlook for gold prices
03:13 Valuations of gold miners
04:21 Long-term drivers of copper demand
06:06 Slowing demand from China
07:10 Benefit of active exposure
08:27 Likely increase in capex
09:57 Outlook for dividends
11:09 Navigating tariffs
12:57 Impact of resource nationalism
13:52 M&A in the sector
...
Investing in Asia with FAS’ Nitin Bajaj
In this episode of Trust Issues, we speak to Nitin Bajaj, manager of Fidelity Asian Values, about the investment case for the Asia equity sector, including recent performance, managing political noise and finding the most compelling opportunities across the sector.
00:00 Introduction
00:38 Providing differentiated exposure to Asia
04:07 Evaluating investments
05:54 Narrowing down the universe
08:59 Managing downside risk
10:00 Current portfolio allocations
11:25 Allocations in China
14:05 Opportunities in Indonesia
14:35 Rationale for holding TSMC
17:45 Drivers of outperformance
19:11 Navigating tariffs & trade
19:55 Key drivers over next year
20:28 Further information
20:45 Risk warning
O...
