CG ASSET MANAGEMENT - Quarterly Update - Q2 2026

To be informed of all CG ASSET MANAGEMENT's upcoming presentations, register at InvestorMeetCompany: https://www.investormeetcompany.com/c... We are pleased to invite you to join Chris Clothier, Co-Chief Investment Officer, and Hassan Raza, Portfolio Manager, for our Q2 2026 Investor Update Webinar. Chris and Hassan will discuss the key outcomes from our Annual General Meeting, including the recent share split, provide an update on portfolio positioning and the current macroeconomic environment, and highlight recent opportunities within the investment trust sector. The presentation will be followed by a live Q&A, giving you the opportunity to put your questions directly to the investment team. 0:00 Introduction 5:00 Portfolio Positioning 10:07 Equity Investment Trusts 13:47 Alternative Investment Trusts 21:04 Is it possible to invest $5tn wisely? 26:26 Q&A CG Asset Management’s Q2 2026 investor update highlighted a cautious investment strategy focused on capital preservation amid elevated geopolitical risks, stretched equity valuations and persistent inflation concerns. Following shareholder approval of a 10-for-1 share split designed to improve accessibility and liquidity for retail investors, the portfolio managers outlined a defensively positioned asset allocation, with reduced exposure to risk assets, increased holdings in short-duration index-linked bonds and high levels of managed liquidity. The trust reported resilient portfolio performance, outperforming global equity markets during recent periods of volatility, supported by active duration management and strong returns from investment trusts and infrastructure holdings. Management reiterated confidence in its disciplined investment process, citing successful positions such as Schroder Japan Trust and 3i Infrastructure while acknowledging lessons from Pacific Assets. Looking ahead, the managers expressed growing caution over the sustainability of the AI-driven capital expenditure boom, warning that current investment assumptions may overestimate long-term demand and create risks for semiconductor and technology valuations. The trust continues to favour investment trusts for their discount opportunities, active management and long-term alpha generation, while maintaining conviction that inflation-linked securities remain attractive relative to conventional bonds. Overall, the presentation reinforced CG Asset Management’s long-term wealth preservation strategy, defensive portfolio construction and disciplined approach to navigating uncertain macroeconomic conditions and market volatility.