In this week's edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, reviews the week in the markets and speaks to Marcus Phayre-Mudge, manager of TR Property, and John Singer, chairman of Pantheon International (PIN), in the first part of a longer conversation looking at the issues facing listed private equity trusts.

We are grateful for the support of J.P. Morgan Asset Management, which enables us to keep the podcast free.

Section Timestamps:0:00:39 - Review of the week0:02:53 - Summary of results0:04:25 - Money Makers Circle0:05:11 - This week's guests0:06:09 - Q&A with Marcus Phayre-Mudge0:06:24 - Proposed merger between CREI and API0:15:51 - The proposed LXi and LondonMetric deal0:18:38 - Thoughts on the property sector0:23:31 - TR Property0:27:22 - Cost disclosure0:29:27 - Close0:29:44 - Q&A with John Singer (Part 1)0:29:59 - Private equity experience0:32:48 - Investment trusts and history0:37:44 - The issue of discounts0:43:39 - Perceptions of private equity0:47:08 - Accuracy of net asset values0:58:26 - Variations in different listed private equity vehicles1:03:38 - Close

Trusts mentioned this week (with tickers): Tufton Oceanic Assets (SHIP), Custodian Property Income REIT (CREI), Abrdn Property Income (API), Bankers Trust (BNKR), Edinburgh Worldwide (EWI), Home REIT (HOME), TR Property (TRY), LondonMetric (LMP), LXi REIT (LXI), UK Commercial Property (UKCM), Literacy Capital (BOOK), HgCapital (HGT).

If you enjoy the weekly podcast, you may also find value in joining The Money Makers circle. This is a membership scheme that offers listeners to the podcast an opportunity, in return for a modest monthly or annual subscription, to receive additional premium content, including interviews, performance data, market/portfolio reviews and regular extracts from the editor's notebook.

This week, as well as the usual features, the Circle features a profile of the Sequoia Economic Infrastructure Income (SEQI). Future profiles include J.P.Morgan Japanese (JFJ) and Gore Street Energy Storage (GSF). Remember to look out for the latest edition of our new expanded weekly subscriber email which summarises Jonathan's latest thoughts and all the regular features available in the Circle. Please note that the content of the email is also available if you are a subscriber and log in to the website. Some subscribers are temporarily not receiving the email, but this should be fixed shortly.

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You can find more information, including relevant disclosures, at www.money-makers.co. Please note that this podcast is provided for educational purposes only and nothing you hear should be considered as investment advice. Our podcasts are also available on the Association of Investment Companies website, www.theaic.co.uk.

Produced by Ben Gamblin.