AJ Bell Money & Markets Investment Trust Show: Meet two standout performers
Apr 7, 2026
Tom Sieber, small‑cap interviewer tracking tentative recovery signs in smaller companies. Eve Maddock‑Jones, funds and trusts writer on how trusts use modern media to court retail investors. Job Curtis, long‑serving City of London manager with decades in UK dividend strategies. They discuss Temple Bar’s strength, activist moves by Saba, trust media wins and fails, and hints of a small‑cap rebound.
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Edinburgh Offer Keeps SpaceX Stake Alive
- Edinburgh Worldwide's tender included keeping its SpaceX stake until a hoped-for IPO, complicating Saba's repeated activist attempts.
- Low voter turnout risk means a concentrated activist stake can sway outcomes despite a minority of total shares.
UK Rebound Fueled By Dividends And Buybacks
- Job Curtis says the UK rebound rests on reasonable valuations, a 3% market dividend yield and rising share buybacks (c.2% of market cap), creating a c.5% distribution yield.
- Takeovers and stronger financials reinforce UK attractiveness versus richly valued US markets.
AI Spending Is Inflating US Market Concentration
- Job Curtis warns AI-driven US market cap concentration and huge hyperscaler spending ($600bn earmarked) have inflated valuations and uncertain returns.
- That makes UK value and dividend opportunities more appealing to some investors seeking less concentration risk.