341: Money Makers Investment Trusts Podcast - Mark Niznik and Alexander Fitzalan Howard (04 Jul 2026)

In this edition of the Money Makers Investment Trusts Podcast, Jonathan Davis, editor of the Investment Trusts Handbook (winner of the AIC Best Broadcast Journalist Award 2024 and 2025) is joined by two guests. First, Mark Niznik, lead manager at Artemis UK Future Leaders (AFL), discusses the fund's performance, investment philosophy and long-term strategy. Then Alexander Fitzalan Howard, the manager of J.P. Morgan European Growth and Income (JEGI) speaks about the trust's outstanding returns, European market opportunities and quality-value-momentum investment approach.

The conversation with Mark Niznik was recorded on 25 June 2026, with Alexander Fitzalan Howard recorded on 30 June 2026.

Jonathan is now writing market and other comments on Substack (jdinvestor.substack.com), and for those of you who follow Money Makers on social media, two new channels are now available - TikTok (@moneymakers_its) and Bluesky (@money-makers.co). Do give us a follow!

Section Timestamps:

0:00:37 - Introduction

0:01:25 - The Artemis story

0:05:04 - The struggle for UK equities and small caps

0:06:23 - A disappointing first 12 months

0:08:54 - Next year’s continuation vote

0:10:16 - The size of the trust

0:10:47 - The impact of the Westminster drama

0:15:34 - Making use of gearing