⌘K
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 the sector. Elsewhere, David picks over the impact of more government policy changes in the renewables space, and what impact this will have on Greencoat UK Wind’s (UKW) NAV and dividend. Jo then takes on the monthly Saba update, wrapping up what is happening with the Edinburgh Worldwide (EWI) and Impax Environmental Markets (IEM) situations. Going into results, Thomas looks over Vietnam Enterprises (VEIL) and their strong year in absolute terms, as well as running through the compelling growth story for the country. Elsewhere in Asia, Jo looks over the half year results for Schroder Japan (SJG), identifying the key drivers of performance and noting the high dividend, before turning her attention to the discount which has inexplicably widened. Thomas then runs through the results of BlackRock Latin America (BRLA) and how the trust managed a 44% NAV return. Moving to podcasts, David runs through his chat with Liontrust’s Sharmin Rahman, including the outlook for the both the high-yield sector and markets more generally. Then, in an orbital moment, David looks at the stat of the month, which focuses on the outstanding performance of ‘unicorns’, private companies over $1bn in value, which includes a number of space related companies. This then leads into a debate between our the team on their approach to space investing to close the show. 00:00 Introduction 00:27 What’s to come 00:59 Seraphim’s fundraise 02:38 Scottish Mortgage share issuance 04:42 Govt policy changes for UKW 06:08 Saba update on IEM and EWIT 07:40 Results from Vietnam’s VEIL 10:23 Schroder Japan’s strong results 12:19 BRLA’s bumper results 14:29 High yield podcast summary 16:03 Stat of the month & unicorn success 17:48 Debate on space investing 20:38 Risk warning Special thanks to our sponsors at Schroders, whose support makes this podcast possible - click here to view all of our research on the Schroders investment trust range. This podcast was recorded on 06/05/2026.
