Investment Trust Podcast

Ben Lofthouse, Portfolio Manager of Henderson International Income Trust, discusses the dividend trends playing out in 2023, the benefits of diversification in an uncertain environment, and dividend sustainability during a period of low growth.

Mike Kerley, Portfolio Manager of Henderson Far East Income, reflects on the key drivers of performance in 2022, China's reopening, inflation and interest rate risk in the Asia Pacific region and highlights the dividend trends he expects to play out in 2023.

David Smith, Portfolio Manager of Henderson High Income, discusses the Company's impressive dividend record, UK equity market valuations and areas where he is finding performance, the comeback of bonds, and the outlook for UK dividends in a recessionary environment.

Job Curtis, Portfolio Manager of The City of London Investment Trust, looks back at 2022 and shares his insights on inflation, the cost-of-living crisis, and UK stock market valuations. Job also touches on the dividend outlook for 2023 and the key risks investors should be mindful off.

Neil Hermon, Portfolio Manager of The Henderson Smaller Companies Investment Trust, discusses the challenges small-and-medium sized businesses are facing, why they are more resilient than some might think, and why the small cap story remains compelling.

David Smith, Portfolio Manager of Henderson High Income Trust, talks about the factors currently impacting the UK market, including inflation and interest rates amid a cost-of-living crisis. David also touches on the recent turmoil within bond markets and the need for prudent diversification in volatile market environment. 

Job Curtis, Portfolio Manager of The City of London Investment Trust – one of the world's oldest – talks about results for the year ending June 2022, how he has navigated the volatile market environment, and provides his outlook for dividends going forward.

Life happens when you're busy making other plans. In this podcast episode, we take a closer look at those unexpected life events that can put a strain on families. While none of us can predict the future, we can plan for it in ways that give you and your family peace of mind.

Nicholas Ware, Co-Portfolio Manager of Henderson Diversified Income Trust, talks about the Company's performance year-to-date, areas where he is finding opportunities and how he is navigating interest rate and inflation risk in a volatile market environment.

Alex Crooke, Portfolio Manager of The Bankers Investment Trust, talks about the Trust's performance year-to-date, the role of regional managers within the portfolio, the implications of higher interest rates and elevated inflation on businesses, and areas where he is finding opportunities in a volatile market.

Sat Duhra, Portfolio Manager of Henderson Far East Income, talks about the performance of Asian markets year- to-date, areas where he is finding opportunities, sentiment around China, and the impact of inflation on businesses. Sat also touches on the dividend trends in the region.

How hard is it to balance your own needs with those of your family? Being a parent comes with lots of responsibilities, but you owe it to yourself to plan for your own financial future, especially your retirement. In this episode, we explore how the  financial decisions you take today can help with tomorrow's life goals.

In the first of our podcast series, Dan Howe (Head of Janus Henderson Investment Trusts) explains why his family opted to put their children into private education. As well as discussing the costs involved, Dan also explains how investment trusts have made it easier to pay for school fees and other costs.

Ben Lofthouse, Portfolio Manager of Henderson International Income Trust, talks about performance during the first half of the year, allocations towards tech and health care and looks at what history teaches us about investing in a volatile market environment.

James Henderson, Portfolio Manager of Henderson Opportunities Trust, talks about the Trust's performance over the first half of the year, areas where he is finding opportunities, and how smaller businesses are innovating to deal with changing consumer behaviour. James also touches on the longer-term investment themes playing out in the portfolio.

Neil Hermon, Portfolio Manager of The Henderson Smaller Companies Investment Trust talks about the performance of UK small caps year-to- date, areas where he is finding opportunities, risks to the UK market, and his approach to ESG.

David Smith, Portfolio Manager of Henderson High Income Trust, discusses the factors currently affecting the UK market, navigating concentration risk, and how consumers and businesses are dealing with rising costs. David also highlights why bonds are essential for diversification and provides his outlook for UK dividends.

Tom O'Hara and John Bennett, Portfolio Managers of Henderson European Focus Trust, talk about the micro/macro factors affecting European equity markets, how they are navigating some of these challenges, and highlight the benefits of their style agnostic approach. They also touch on the impact of Covid-19 and the war in Ukraine on the ESG landscape.

Alex Crooke, Portfolio Manager of The Bankers Investment Trust, talks about the impact of rising input costs (wages and raw materials) on companies, areas where he is finding opportunities and the benefits of global diversification in a volatile market environment.

In this podcast, Jamie Ross, Portfolio Manager of Henderson EuroTrust, discusses how the Trust has performed year-to-date, the challenges European investors are facing, how companies are adapting to stay competitive, and how he is navigating this market environment.

Nicholas Ware, Co-Portfolio Manager of Henderson Diversified Income Trust, talks about the challenges being faced by fixed income investors, what the bond market is telling us about a potential recession, and the integration of ESG within fixed income.

In our latest podcast, Portfolio Manager Ollie Beckett talks about the changes to the Trust, how he is navigating the current market environment, and where he is finding opportunities. Ollie also touches on the outlook for European smaller companies in a world full of uncertainty.

Ben Lofthouse, Portfolio Manager of Henderson International Income Trust, discusses how he is navigating the current market environment, how companies within the portfolio are dealing with rising input costs to sustain margins, and explores the pros and cons of nearshoring.

Mike Kerley, Portfolio Manager of Henderson Far East Income, talks about factors currently affecting the Asian market, notably the regulatory clampdown in China and the divergence in performance between North and Southeast Asian countries. Mike also explores what decarbonisation and the transition towards clean energy might mean for the region.

Job Curtis, Portfolio Manager of The City of London Investment Trust – one of the world's oldest – talks about the impact of rising inflation, soaring energy prices, and the war on Ukraine on the UK market. Job also touches on the role oil and mining companies will play in decarbonizing the planet and the energy transition. 

In this concluding episode of our Smart Retirement Planning Series of podcasts, we explore Janus Henderson Investment Trusts. Investment trusts are one of the best-kept secrets in investing – listen now to find out what they are, how they could deliver growth and/or income, and how to invest in them.

In this episode, we talk to Financial Advisor Lisa Conway Hughes about the different saving options for retirement, the tax benefits they bring, and the sort of assets people should be looking at when they reach the Big 5-0. We also talk to James De Sausmarez, Director and Head of Investment Trusts at Janus Henderson about one of the best kept secrets in the investing world – investment trusts.

In this episode, we look at how we go from 'thinking about it' to 'doing something about it' when it comes to planning for retirement. Disclaimer Trust Radio is the investment trust podcast brought to you by Janus Henderson Investors, giving you valuable insights into investment trusts and how they function. For UK investors only. Capital at risk.    Issued in the UK by Janus Henderson Investors.    Marketing Communication. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Nothing in this document is intended to or should be construed as advice.  This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. This is a marketing communication. Please refer to the prospectus and Annual Report of the AIF before making any final investment decisions.   Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital International Limited (reg no. 3594615), Henderson Global Investors  Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in England and  Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial  Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier).    Janus Henderson, Janus, Henderson, Knowledge Shared, Knowledge. Shared and Knowledge Labs are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.

In this episode, we talk to a panel of retirees to discuss when they started thinking about retirement, how they moved from planning to investing in their pensions, and how they monitored their progress throughout the years. Our retirees also reflect on what they would have done differently and provide top tips for those thinking about retirement at the Big 5-0. Disclaimer Trust Radio is the investment trust podcast brought to you by Janus Henderson Investors, giving you valuable insights into investment trusts and how they function. For UK investors only. Capital at risk.    Issued in the UK by Janus Henderson Investors.    Marketing Communication. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Nothing in this document is intended to or should be construed as advice.  This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. This is a marketing communication. Please refer to the prospectus and Annual Report of the AIF before making any final investment decisions.   Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital International Limited (reg no. 3594615), Henderson Global Investors  Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in England and  Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial  Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier).    Janus Henderson, Janus, Henderson, Knowledge Shared, Knowledge. Shared and Knowledge Labs are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.

In this episode, Andrew Chiguri and Tom O'Hara, Portfolio Manager of Henderson European Focus Trust, reflect on 2021 and how the Trust navigated the tricky market environment. Tom also touches on the outlook for the coming year and highlights the key factors that might affect stock markets in 2022.  Disclaimer Trust Radio is the investment trust podcast brought to you by Janus Henderson Investors, giving you valuable insights into investment trusts and how they function. For UK investors only. Capital at risk.    Issued in the UK by Janus Henderson Investors.    Marketing Communication. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Nothing in this document is intended to or should be construed as advice.  This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. This is a marketing communication. Please refer to the prospectus and Annual Report of the AIF before making any final investment decisions.   Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital International Limited (reg no. 3594615), Henderson Global Investors  Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in England and  Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial  Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier).    Janus Henderson, Janus, Henderson, Knowledge Shared, Knowledge. Shared and Knowledge Labs are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.

In this episode, Andrew Chiguri and John Bennett, Portfolio Manager of Henderson European Focus Trust, discuss global stock market valuations, areas where valuations are looking stretched and sectors where he is finding opportunities. John also touches on what could derail the strong performance we have seen from growth stocks. Disclaimer Trust Radio is the investment trust podcast brought to you by Janus Henderson Investors, giving you valuable insights into investment trusts and how they function. For UK investors only. Capital at risk.    Issued in the UK by Janus Henderson Investors.    Marketing Communication. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Nothing in this document is intended to or should be construed as advice.  This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. This is a marketing communication. Please refer to the prospectus and Annual Report of the AIF before making any final investment decisions.   Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital International Limited (reg no. 3594615), Henderson Global Investors  Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in England and  Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial  Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier).    Janus Henderson, Janus, Henderson, Knowledge Shared, Knowledge. Shared and Knowledge Labs are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.

In this episode, Laura Thomas and Tom O'Hara, Portfolio Manager of Henderson European Focus Trust, discuss how he identifies favourable and unfavourable changes in a company that makes a compelling case for investment or divestment. Tom also touches on the trends/sectors experiencing rapid change on the back of the Covid-19 pandemic. Disclaimer Trust Radio is the investment trust podcast brought to you by Janus Henderson Investors, giving you valuable insights into investment trusts and how they function. For UK investors only. Capital at risk.    Issued in the UK by Janus Henderson Investors.    Marketing Communication. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Nothing in this document is intended to or should be construed as advice.  This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. This is a marketing communication. Please refer to the prospectus and Annual Report of the AIF before making any final investment decisions.   Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital International Limited (reg no. 3594615), Henderson Global Investors  Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in England and  Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial  Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier).    Janus Henderson, Janus, Henderson, Knowledge Shared, Knowledge. Shared and Knowledge Labs are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.

In this episode, Laura Thomas talks to John Bennett, Portfolio Manager of Henderson European Focus Trust, about Environmental, Social and Governance (ESG) issues and how this impacts his asset allocation decisions. Disclaimer Trust Radio is the investment trust podcast brought to you by Janus Henderson Investors, giving you valuable insights into investment trusts and how they function. For UK investors only. Capital at risk.    Issued in the UK by Janus Henderson Investors.    Marketing Communication. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Nothing in this document is intended to or should be construed as advice.  This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. This is a marketing communication. Please refer to the prospectus and Annual Report of the AIF before making any final investment decisions.   Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital International Limited (reg no. 3594615), Henderson Global Investors  Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in England and  Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial  Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier).    Janus Henderson, Janus, Henderson, Knowledge Shared, Knowledge. Shared and Knowledge Labs are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.

In this episode, Laura Thomas is joined by Tom O'Hara, Fund Manager of Henderson European Focus Trust. Laura and Tom discuss the major factors currently affecting the market, changes made to the portfolio and the inflation conundrum. Tom also touches on the nuances between “deep value” and “quality value” stocks. Disclaimer Trust Radio is the investment trust podcast brought to you by Janus Henderson Investors, giving you valuable insights into investment trusts and how they function. For UK investors only. Capital at risk.    Issued in the UK by Janus Henderson Investors.    Marketing Communication. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Nothing in this document is intended to or should be construed as advice.  This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. This is a marketing communication. Please refer to the prospectus and Annual Report of the AIF before making any final investment decisions.   Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital International Limited (reg no. 3594615), Henderson Global Investors  Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in England and  Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial  Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier).    Janus Henderson, Janus, Henderson, Knowledge Shared, Knowledge. Shared and Knowledge Labs are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.

In this episode, Laura Thomas is joined by Simon Longfellow, co-founder of stepstoinvesting.com. Steps to Investing is an independent company set up to help people get started on their own investment journeys.  Laura and Simon discuss the rationale that underpinned the launch of Steps to Investing. They also explore how inexperienced investors can get started in investing, the different types of investment vehicles available and the risks that come with investing in the stock market. Disclaimer Trust Radio is the investment trust podcast brought to you by Janus Henderson Investors, giving you valuable insights into investment trusts and how they function. For UK investors only. Capital at risk.    Issued in the UK by Janus Henderson Investors.    Marketing Communication. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Nothing in this document is intended to or should be construed as advice.  This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. This is a marketing communication. Please refer to the prospectus and Annual Report of the AIF before making any final investment decisions.   Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital International Limited (reg no. 3594615), Henderson Global Investors  Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in England and  Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial  Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier).    Janus Henderson, Janus, Henderson, Knowledge Shared, Knowledge. Shared and Knowledge Labs are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.

This episode, Laura Thomas is joined by Ben Lofthouse, Portfolio Manager of Henderson International Income Trust, and Nicholas Ware, a Portfolio Manager who works on Henderson Diversified Income Trust with John Pattullo and Jenna Barnard. Ben and Nick each discuss their pursuit of income, by exploring promising sectors, consumer spending and economic cycles. For a full glossary of terms mentioned within this episode please visit https://www.janushenderson.com/en-gb/investor/article/trust-radio-episode-4/ Trust Radio is the investment trust podcast brought to you by Janus Henderson Investors, giving you valuable insights into investment trusts and how they function. For UK investors only. Capital at risk. Issued in the UK by Janus Henderson Investors.    Marketing Communication. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Nothing in this document is intended to or should be construed as advice.  This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. This is a marketing communication. Please refer to the prospectus and Annual Report of the AIF before making any final investment decisions.   Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital International Limited (reg no. 3594615), Henderson Global Investors  Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in England and  Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial  Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier).    Janus Henderson, Janus, Henderson, Knowledge Shared, Knowledge. Shared and Knowledge Labs are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.

In this episode, Laura Thomas is joined by Mike Kerley, fund manager of Henderson Far East Income Limited.  Mike and Laura explore the theme of value investing, Mike's approach to stock selection and reflections on 2020.  They also discuss which areas are seeing the most growth in the Asia-Pacific region as we think about asset allocation in the months ahead.  For a full glossary of terms mentioned within this episode please visit https://www.janushenderson.com/en-gb/investor/article/trust-radio-episode-3/    Disclaimer Trust Radio is the investment trust podcast brought to you by Janus Henderson Investors, giving you valuable insights into investment trusts and how they function. For UK investors only. Capital at risk.    Issued in the UK by Janus Henderson Investors.    Marketing Communication. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Nothing in this document is intended to or should be construed as advice.  This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. This is a marketing communication. Please refer to the prospectus and Annual Report of the AIF before making any final investment decisions.   Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital International Limited (reg no. 3594615), Henderson Global Investors  Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in England and  Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial  Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier).    Janus Henderson, Janus, Henderson, Knowledge Shared, Knowledge. Shared and Knowledge Labs are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.

In this episode, Laura Thomas is joined by Job Curtis, fund manager of City of London Investment Trust, and Laura Foll, who co-manages Henderson Opportunities Trust, Lowland Investment Company and Law Debenture with James Henderson. Laura and Job each discuss where their trusts stand as markets have bounced back, and when they each expect to see pre-COVID levels again. They also explore which sectors are seeing the most growth at this time as well as how dividends have fared this year.  For a full glossary of terms mentioned within this episode please visit https://www.janushenderson.com/en-gb/investor/article/trust-radio-episode-2/ Disclaimer Trust Radio is the investment trust podcast brought to you by Janus Henderson Investors, giving you valuable insights into investment trusts and how they function. For UK investors only. Capital at risk.    Issued in the UK by Janus Henderson Investors.    Marketing Communication. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Nothing in this document is intended to or should be construed as advice.  This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. This is a marketing communication. Please refer to the prospectus and Annual Report of the AIF before making any final investment decisions.   Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital International Limited (reg no. 3594615), Henderson Global Investors  Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in England and  Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial  Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier).    Janus Henderson, Janus, Henderson, Knowledge Shared, Knowledge. Shared and Knowledge Labs are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.

In our first episode, Laura Thomas is joined by James de Sausmarez, Director and Head of Investment Trusts at Janus Henderson. Laura and James discuss bear markets and market corrections, the impact of the coronavirus and some of the features of investment trusts that will help them navigate this tumultuous time. For a full glossary of terms mentioned within this episode please visit https://www.janushenderson.com/en-gb/investor/article/trust-radio-episode-1/ Disclaimer Trust Radio is the investment trust podcast brought to you by Janus Henderson Investors, giving you valuable insights into investment trusts and how they function. For UK investors only. Capital at risk.    Issued in the UK by Janus Henderson Investors.    Marketing Communication. Not for onward distribution. Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. Nothing in this document is intended to or should be construed as advice.  This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. This is a marketing communication. Please refer to the prospectus and Annual Report of the AIF before making any final investment decisions.   Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital International Limited (reg no. 3594615), Henderson Global Investors  Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in England and  Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial  Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier).    Janus Henderson, Janus, Henderson, Knowledge Shared, Knowledge. Shared and Knowledge Labs are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.