Since the start of 2023, global stock market returns have been heavily influenced by a small number of US technology companies, the so-called Magnificent Seven. However, there are plenty of opportunities for investors to consider both in and outside the technology sector. Joining Kyle to discuss the case for Europe, and to explain how investing in Europe can give investors exposure to technology trends is Daniel Avigad, a fund manager at Lansdowne Partners. On The Money is an interactive investo...
Dec 05, 2024•14 min•Ep. 111
This episode focuses on Chancellor Rachel Reeves’ decision, announced in the Autumn Budget, to scrap the inheritance tax (IHT) exemption on unspent pensions from April 2027. Kyle is joined by Craig Rickman, personal finance editor at interactive investor, to unpick what it means for those looking to pass on wealth. On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news . Kyle Caldwell is Collectives Editor at interactive inv...
Nov 28, 2024•13 min•Ep. 110
Over the long term, some private equity investment trusts have delivered a strong performance, but in the short term it's been more challenging owing to interest rate rises. This has led to some uncertainty over the underlying valuations of assets held in private equity trusts. To address the concerns that some investors have, Kyle speaks to Steven Tredget of Oakley Capital Investments, a private equity investment trust. The performance figures cited were the latest available at the time the int...
Nov 21, 2024•25 min•Ep. 109
In this episode Kyle is joined by Richard Hunter, head of markets at interactive investor, to discuss what the US election result means for investors. The duo explain how stock markets and bonds initially reacted, and name key sectors to watch. Kyle also explains how investors can reduce concentration risk given that the ‘Magnificent Seven’ now account for around a third of the S&P 500 index. On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www....
Nov 14, 2024•18 min•Ep. 108
In this episode, we focus on infrastructure, an asset class that behaves differently to shares and bonds. Joining Kyle to explain what this investment area can add to a portfolio is Donal Reynolds, manager of abrdn Global Infrastructure Equity. He points out that infrastructure offers inflation protection, explains why lower interest rates act as a tailwind, and runs through three long-term trends he’s investing in. The fund mentioned in this episode is https://www.ii.co.uk/investment-trusts/abr...
Nov 07, 2024•22 min•Ep. 107
Kyle is joined by friend of the pod Craig Rickman, personal finance editor at interactive investor, to examine key announcements in the Labour Party’s first Budget in 14 years. The duo discuss how the measures could affect your personal finances. On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news . Kyle Caldwell is Collectives Editor at interactive investor. Important information: This material is intended for educationa...
Oct 31, 2024•15 min•Ep. 106
In this episode, on the back of a pick-up in takeover activity, we discuss the good, the bad and the ugly in stock market acquisitions. Joining Kyle to discuss the topic is Ken Wotton, who manages various funds, including Strategic Equity Capital investment trust and funds for Gresham House. Wotton explains how he approaches takeover offers for the stocks he owns, and identifies key ingredients of a successful takeover for shareholders. On The Money is an interactive investor (ii) podcast. For m...
Oct 24, 2024•18 min•Ep. 105
Kyle finds out the reasons for the largest-ever investment trust merger involving Alliance Trust and Witan, which have combined to form Alliance Witan. Joining Kyle to explain how the two trust portfolios will be blended is Craig Baker, global chief investment officer at Willis Towers Watson, the investment manager for Alliance Trust. On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news . Kyle Caldwell is Collectives Edito...
Oct 17, 2024•17 min•Ep. 104
Kyle is joined by friend of the pod Sam Benstead to discuss speculation that the inheritance tax (IHT) break that most AIM stocks qualify for could be removed in this month’s Budget. The duo explain how the removal of the IHT sweetener would likely cause a sizeable sell-off for shares listed on the junior exchange, and discuss the funds that heavily invest in AIM stocks. On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news...
Oct 10, 2024•14 min•Ep. 103
This week, Kyle talks to Rob Arnott, founder of Research Affiliates, about a new way of owning the market passively by backing underdog stocks that have been kicked out of big indices, such as the S&P 500. The duo discuss the potential flaws in how most index funds and ETFs track the market, and Arnott gives his views on whether valuations have become too extreme for US technology stocks. On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.c...
Oct 03, 2024•16 min•Ep. 102
In our latest episode, we offer an overview of the macroeconomic picture, highlighting reasons for investors to be cheerful and fearful. Joining Kyle to explain why he expects the next 12 months to be a tug of war for markets is Sunil Krishnan, head of multi-asset funds at Aviva Investors. Topics discussed include inflation, interest rates, gold, and the US election. On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news . K...
Sep 26, 2024•17 min•Ep. 101
To mark our 100th episode Kyle interviewed Terry Smith, manager of Fundsmith Equity. Among the topics discussed are whether it has become harder for active funds to outperform the index due to the strong performance of the ‘Magnificent Seven’ tech stocks. Terry also runs through the rationales behind the two stocks he has bought this year. He explains why Diageo was recently sold, and why he hasn’t bought Nvidia. Kyle also asks Terry for his view on the UK stock market, and to explain why he thi...
Sep 19, 2024•31 min•Ep. 100
In the run-up to a Budget there’s always plenty of speculation about potential changes to the tax system. But ahead of the first Budget from a new government on 30 October, rumours have been running wild after Chancellor Rachel Reeves revealed a £22 billion black hole in the public finances. Joining Kyle to discuss the taxes Labour may target and how your personal finances could be impacted is friend of the pod Craig Rickman, interactive investor’s personal finance editor. On The Money is an int...
Sep 12, 2024•21 min•Ep. 99
One of the challenges facing fund investors is the huge amount of choice. For those looking for a fund that invests in sustainable stocks, there is the added complication of various approaches. To make it easier to narrow down the choice, four new fund labels have been introduced for investors who are seeking to align their portfolios with their values. To find out about these new labels and how they can help investors, Kyle is joined by Miranda Seath, director, market insight and fund sectors, ...
Sep 05, 2024•23 min•Ep. 98
In our latest Q&A episode, Kyle tackles questions related to funds and ETFs, while Lee Wild, head of equity strategy at interactive investor, joins him to respond to enquiries related to the stock market. For those who would like to go straight to certain parts of the episode, we have listed the questions below and added timestamps. As ever, the answers given in such episodes are not personal recommendations to buy and sell any financial instrument or product, or to adopt any investment stra...
Aug 29, 2024•25 min•Ep. 97
For investors who like to hunt for a bargain, discounts are wide across the investment trust universe. But, with no shortage of options, how can investors narrow down the choice? Kyle is joined by Peter Hewitt, a fund manager who specialises in buying investment trusts. Hewitt, who oversees the CT Global Managed Portfolio Trust, explains that he’s focusing on three main areas to take advantage of investment trust bargains. Investment trusts discussed in the podcast include JPMorgan UK Small Cap ...
Aug 22, 2024•21 min•Ep. 96
When the stock market makes the front pages of the broadsheets, which happened last week, it can lead people to panic. But, as history shows, declines are part of the normal ups and downs of investing and stock markets occasionally depart from their long-term upward trajectory. In this episode, Kyle is joined by Richard Hunter, head of markets at interactive investor, to unpick the reasons behind the stock market sell-off, and to explain why investors should keep calm and carry on during times o...
Aug 15, 2024•16 min•Ep. 95
In this episode, Kyle speaks to Roy Stevens, who has recently released a personal finance book ‘The Sloth Investor’. Kyle asks Roy to explain why he views the sloth as the most suitable animal to characterise the world of investing and why he advocates ‘owning the world’ through passive funds, either index funds or exchange-traded funds (ETFs). On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news . Kyle Caldwell is Collect...
Aug 08, 2024•19 min•Ep. 94
The focus for this episode is on how interest rate cuts affect the bond market. Typically, cuts cause bond prices to rise and bond yields to fall. Joining Kyle to offer his expert insight is Brett Pybus, global co-head of iShares Fixed Income ETFs at BlackRock. On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news . Kyle Caldwell is Collectives Editor at interactive investor. Important information: This material is intended...
Aug 01, 2024•16 min•Ep. 93
The 2024 Paris Olympics is taking place over the next few weeks. For investors, certain parallels can be drawn between the thousands of athletes going for gold and investing. To discuss what investing and the Olympics have in common, as well as giving his views on the stock market outlook for the host nation, is Oliver Collin, co-head of European equities at Invesco. This interview took place on 1 July, prior to France’s second-round election results. On The Money is an interactive investor (ii)...
Jul 25, 2024•21 min•Ep. 92
In this episode we focus on the investment prospects for China, a major stock market that’s had a tough couple of years. Making the case that now is a good time to take a closer look at the cheap valuations on offer in the region is Xiaolin Chen, head of international at KraneShares, a provider of exchange-traded funds (ETFs). On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news . Kyle Caldwell is Collectives Editor at int...
Jul 18, 2024•14 min•Ep. 91
Kyle welcomes Sam Benstead back to the podcast to run through trends and topics in the second quarter of 2024. The duo discuss the types of funds that had a strong three-month period, how tech dominance is making some funds more concentrated, and why there has been a pick-up in investment trust consolidation, which includes the proposed merger of Alliance Trust and Witan. On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-new...
Jul 11, 2024•23 min•Ep. 90
On a five-year view, the UK market has notably lagged other markets, particularly the US, which has been boosted by its technology giants. However, the recent rally for the UK market is a potential sign that times may be changing. Joining Kyle to discuss prospects for the UK market and to explain where he’s finding value opportunities is Charles Luke, manager of Murray Income investment trust. Several stocks are mentioned in the podcast, including Oxford Instruments, Howden Joinery, Experian, Re...
Jul 04, 2024•17 min•Ep. 89
Kyle welcomes back to the pod interactive investor’s Personal Finance Editor Craig Rickman to discuss some of the dilemmas people face when investing during retirement. Among the topics discussed are the ‘4% rule’, only taking the ‘natural yield’ and having ‘cash buckets’. As ever, bear in mind the podcast is for information purposes only and is not financial advice. On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news . K...
Jun 27, 2024•24 min•Ep. 88
Our latest episode focuses on Scottish Mortgage, Fundsmith Equity and Lindsell Train UK Equity, arguably the biggest household names for retail investors looking to back a professional fund manager. The trio have seen their performances come off the boil over the past three years, but they have delivered strong performances over the long term. Host Kyle Caldwell is joined by interactive investor’s Sam Benstead to explain the short-term performance woes and prospects for a turnaround. On The Mone...
Jun 20, 2024•28 min•Ep. 87
Since the end of last October, parts of the UK stock market have enjoyed a bounce. However, there’s still plenty to play for, argues Ryan Lightfoot-Aminoff, an investment trust research analyst at Kepler Partners. Ryan makes the case for investment trusts focused on UK smaller companies. He tells host Kyle Caldwell why he’s attracted to this area, and names investment trusts he favours. The investment trusts mentioned include Invesco Perpetual UK Smaller (LSE: IPU), Rockwood Strategic (LSE: RKW)...
Jun 13, 2024•17 min•Ep. 86
In this episode, Kyle is joined by interactive investor’s personal finance editor Craig Rickman to focus on key areas of concern ahead of the general election in around a month’s time. The duo discuss how the landscape could change for pensions, ISAs and the stock market. On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news . Kyle Caldwell is Collectives Editor at interactive investor. Important information: This material ...
Jun 06, 2024•16 min•Ep. 85
In this episode, the focus is on India, a stock market that’s performed strongly over the past few years. While India has plenty of attractions in terms of robust economic growth and favourable demographics (such as a young population), valuations have become pricier following its recent run of strong performance. Joining Kyle to share his insights and offer a view on whether share prices have become too expensive is investment trust manager Gaurav Narain of India Capital Growth Fund. On The Mon...
May 30, 2024•20 min•Ep. 84
Kyle welcomes back Mick Dillon, manager of the Brown Advisory Global Leaders fund. Mick, who was last on the podcast around a year ago, focuses on two common investing issues: false positives and false negatives. A false positive is when an investor believes a company is a good potential investment, but it turns out to be a bad company in disguise. A false negative is overlooking an investment that turns out to be a big winner. On The Money is an interactive investor (ii) podcast. For more inves...
May 23, 2024•21 min•Ep. 83
Since December 2021, the assets held by interactive investor customers in money market funds has increased more than 16-fold. To explain why this fund type has become more popular and how the funds work, Kyle is first joined by interactive investor’s bond specialist Sam Benstead who later interviews Craig Inches, manager of the Royal London Short Term Money Market fund. On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news ...
May 16, 2024•19 min•Ep. 82
