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Monthly Roundup: Rockwood’s new stocks, UKW results and the manager merry go round
Description
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 wider changes, before going into a quick summary of the Picton Property (PCTN) takeover bids.
David then starts off the results section with a look over the numbers from Greencoat UK Wind (UKW)’s interim results which includes an impressive total return figure. Elsewhere, Ryan discusses Hansa Investment Company (Hansa)’s annual report, and why this marks the beginning of a new chapter for the company.
Moving on to podcasts, Jo summarised her chat with Marcel Stotzel from Fidelity European (FEV) including the prospects of an ongoing European renaissance and the region’s overlooked AI exposure. Later on, she discusses her chat with Richard Staveley of Rockwood Strategic (RKW) including where he is looking for new ideas.
David takes care of both most-bought trusts, which includes a welcome return of BlackRock World Mining (BRWM), before turning his attention to stat of the month. This month, he focuses on cyclically adjusted valuations, including looking over some figures from Taiwan and Korea after their remarkable rallies. This, naturally, led into a discussion between the analysts of what they were buying and selling in their own portfolios.
00:00 Introduction
00:24 What’s to come
00:48 Manager changes at RMMC
02:31 Announcement of GPM manager
04:03 IGET sees another dividend rise
04:51 PCTN takeover approaches
05:44 UKW half-year results
07:27 Hansa’s transformative year
09:02 FEV’s views on Europe
11:29 Rockwood’s new opportunities
13:52 Most bought trusts
14:50 Stat of the month: CAPE
17:49 What are we buying?
23:18 Risk warning
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This podcast was recorded on 04/08/2026.