Investors Chronicle

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. Timestamps1:00 Positioning of the trust3:07 Pockets of value4:36 Drivers of a regime change5:57 Exposure to equities7:04 Offsetting lack of involvement of US gains 9:58 Bonds 13:12 Inflation-linked bonds 15:56 Executing investment views 18:25 Smaller positions20:31 Arriving at a valuation he can trust24:19 How the trust navigates investment trust investments27:09 Attitude to private equity 29:04 Share buybacks 34:07 The sector and structural decline Claim your first 12 weeks of