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 Richard Hulf, co-founder and managing partner of HydrogenOne Capital, and Joseph Rowland, fund analyst at Investec Rathbones.

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 week0:02:58 - This week's guests0:03:51 - Summary of results0:04:46 - Money Makers Circle0:05:07 - Corporate news and announcements0:09:08 - Q&A with Richard Hulf0:09:30 - What is HydrogenOne0:14:48 - Why hydrogen?0:19:44 - Availability of funds0:22:34 - ESG0:24:17 - Share price volatility0:26:23 - Choosing to list in the UK0:29:28 - Q&A with Joseph Rowland0:30:27 - The role of investment trusts for Investec Rathbones0:33:04 - The impact of cost disclosure0:35:42 - The size of the universe0:39:34 - Factoring in discounts0:42:41 - Sectors of interest0:47:34 - Scottish Mortgage Trust (SMT)0:49:23 - BH Macro (BHMG)0:51:19 - Close

Trusts mentioned this week (with tickers): HydrogenOne Capital Growth (HGEN), 3i Infrastructure (3IN), ICG Enterprise (ICGT), 3i Group (III), North Atlantic Smaller Companies (NAS), ICG Longbow Senior Secured UK Property Debt (LBOW), Ashoka WhiteOak Emerging Markets (AWEM), Asia Dragon Trust (DGN), Hipgnosis Songs Fund (SONG), Aquila European Renewables (AERI), North American Income (NAIT), Rights and Issues Trust (RIII), Triple Point Social Housing (SOHO), Scottish Mortgage Trust (SMT), HgCapital Trust (HGT), Pantheon International (PIN), HarbourVest Global Private Equity (HVPE), Nippon Active Value Fund (NAVF), Baillie Gifford Shin Nippon (BGS), BH Macro (BHMG).

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 Henderson High Income (HHI). Future profiles include CQS Natural Resources Growth and Income (NCIM) and RTW Biotech Opportunities (RTW). 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 210 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.