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 Paul ffolkes Davis, chairman of Rising Sun Management, the investment advisor to the Nippon Active Value Fund (NAVF), and Max King, the market and investment trust commentator and former Investec fund manager.

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 - This week's guests0:01:31 - Review of the week0:04:38 - Summary of results0:05:39 - Corporate news and announcements0:06:08 - Money Makers Circle0:06:48 - Q&A with Paul ffolkes Davis0:06:59 - Looking back at the last year0:08:43 - Rolling over of AJGF and AJIT0:14:11 - Reflecting on the IPO0:17:26 - Availability of potential partners0:18:33 - The strategy0:25:41 - The value of the yen0:27:58 - Gearing0:29:13 - Prospects for the year ahead0:33:18 - Q&A with Max King0:33:22 - Feel good versus feel bad0:36:18 - The performance of gold0:37:31 - The investment trust sector0:38:35 - Cost disclosure, constraints, and the regulator0:42:30 - Good investments0:47:05 - Private equity0:48:32 - Spotting the next target for consolidation0:54:49 - Solving the housing market problem0:57:58 - Close

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This week, as well as the usual features, the Circle features a profile of Chrysalis Investments (CHRY). Future profiles include STS Global Income & Growth (STS), and Artemis Alpha (ATS). Remember to look out for the latest edition of our new expanded weekly subscriber email which summarises Jonathan's latest thoughts and includes all the regular features available in the Circle. The content of that email is also available for subscribers via the website.

For more information about the Money Makers circle, please visit money-makers.co/membership-join. Membership helps to cover the cost of producing the weekly investment trust podcast, which will continue to be free. We are very grateful for your continued support and the enthusiastic response to our more than 200 podcasts since launch.

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.