Dave Baxter hosts Alastair Laing of Capital Gearing Trust, a vehicle that aims to grow but also protect investments over long periods. Often known for its bearish stance, the team at the trust use a combination of bonds, stocks and property to position themselves and investors' cash securely in case of rocky market periods.
In the episode, Dave and Alastair discuss how the trust has offset missing out on the US tech wave, inflation-linked bonds, the smaller positions they hold, and much more.
Timestamps
1:00 Positioning of the trust
3:07 Pockets of value
4:36 Drivers of a regime change
5:57 Exposure to equities
7:04 Offsetting lack of involvement of US gains
9:58 Bonds
13:12 Inflation-linked bonds
15:56 Executing investment views
18:25 Smaller positions
20:31 Arriving at a valuation he can trust
24:19 How the trust navigates investment trust investments
27:09 Attitude to private equity
29:04 Share buybacks
34:07 The sector and structural decline
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