Murray International Trust PLC
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Investor Warning

Please be aware of scams that can affect investors.

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NMPI Status

The Company currently conducts its affairs so that securities issued by Murray International Trust PLC can be recommended by financial advisers to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream Pooled investment products (NMPIs) and intends to continue to do so for the foreseeable future.

The Company’s securities are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are securities in an investment trust.

 
 

Morningstar Ratings

Analyst Rating

Gold Rating

Fund Rating

5 Star Rating
 
 

Daily Data

At close 16-Apr-2014

Ord
Price1046.00p
NAV*978.28p
NAV**981.90p
Prem/-Disc*6.92%
Prem/-Disc**6.53%
Net Dividend Yield4.02%

Ord B
Price1365.00
NAV*978.28
NAV**981.90
Prem/-Disc*39.53%
Prem/-Disc**39.02%
Net Dividend Yield3.15%


* Debt at market value
** Debt at par
Source: Morningstar, NAV = Net Asset Value, excluding income.

 
 
 

Risk Warning

The value of investments and the income from them may go down as well as up and investors may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Please refer to the Key Facts documents contained in the ISA/Share Plan Brochure & Application form for general and specific investment risks attaching to the individual trusts.

Read the detailed Risk Warning
 

Past Performance

Past performance is not a guide to future results.
See latest monthly factsheet below for performance history.

 
 
 
 

Trust Details

Murray International Trust PLC

Registered Office:
7th Floor
40 Princes Street,
Edinburgh,
EH2 2BY

Registered in Scotland as an Investment Company Number SC0006705

 

Murray International Trust PLC

Objective

The objective of Murray International Trust PLC is to achieve a total return greater than its benchmark by investing predominantly in equities worldwide. Within this objective the Manager will seek to increase the Company’s revenues in order to maintain an above average dividend yield.

Bruce Stout’s investment outlook for 2014

In his investment outlook for 2014 Bruce Stout, manager of Murray International Trust, explains why the ‘grotesque’ practice of quantitative easing has left developed market equities looking overvalued.

Despite this unfavourable backdrop, he tells Money Observer editor Andrew Pitts, equities are his favoured asset class, and he is finding well-run companies at less demanding valuations in the emerging markets.

 
 

Murray International Trust PLC - Investing in equities worldwide

November 2013


 
 
 

Murray International Trust PLC Half-Yearly Report for Six Months ended 30 June 2013
Bruce Stout, Senior Investment Manager

In this webcast Bruce gives an update on a wide range of subjects including performance, a sector breakdown, the twenty largest investments and an outlook for the Trust.

Click here to listen to the presentation.

 

 

Manager's Monthly Report

February 2014

Background

Global economic developments were somewhat influenced by extreme climate conditions during the month. Trends in construction, housing and employment were tough to interpret as temporary weather-related impacts distorted data in some of the worst hit regions. Floods in the UK and ice storms in the United States proved particularly problematic.

Performance

Without the distraction of hard facts to either appease or disappoint investors, most global equity markets returned to an upward trajectory based on renewed hope and expectation. Europe, the UK and Asia all participated in strong capital appreciation, as did the United States, but negative returns from the Japanese equity market was a noticeable exception to the general trend.

Activity

Transaction activity was almost entirely concentrated on fixed income securities, with the outright sales of Portugal Telecom and Telefonica following strong absolute performance. Proceeds were reinvested in Brazil Sovereign debt and establishing a new position in Bharti Airtel bonds, one of India’s largest mobile communication companies.

Outlook

The general contempt of equity markets to consider anaemic earnings growth and acknowledge cautious trading statements from global corporates suggests the harsh reality of doing business in the current challenging economic environment is not being factored into current equity prices. The risk of deflating expectations on highly rated equity valuations cannot be ignored, suggesting great caution should be maintained and exercised.


Source: Monthly Factsheet Aberdeen Asset Managers Limited