Dave Baxter hosts Alastair Laing of Capital Gearing Trust, a vehicle which 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, equities 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

Claim your first 12 weeks of Investors' Chronicle Print + Digital for just £12. You will get instant access to our website and app, plus the magazine delivered to your door every week. To start your trial, visit www.investorschronicle.co.uk/podcasttrial

*After your 12-week trial you will pay just £62 every 13 weeks by direct debit. If you’re not entirely satisfied, you can cancel up to 5 business days before your renewal date and only pay the £12 already debited. This offer is for UK subscribers only.

Hosted on Acast. See acast.com/privacy for more information.

'We underestimated tech's potential': Alastair Laing of Capital Gearing Trust

Investors' Chronicle

'We underestimated tech's potential': Alastair Laing of Capital Gearing Trust