Murray International Trust PLC
  (GMT)
» Investment Trust Centre
» UK Home

Investor Warning

Please be aware of scams that can affect investors.

Read our investor warning

 

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 the company would qualify as an investment trust if the company were based in the UK.

 

Pre-investment Disclosure Document (PIDD)

The Alternative Investment Fund Manager Directive (“AIFMD”) requires Aberdeen Fund Managers Limited, as the alternative investment fund manager of Murray International Trust PLC, to make available to investors certain information prior to such investors’ investment in the Company.

The AIFMD is intended to offer increased protection to investors in investment products that do not fall under the existing European Union regime for regulation of investment products known as “UCITS”.

Read the PIDD for Murray International Trust

 
 

Morningstar Ratings

Analyst Rating

Gold Rating

Fund Rating

5 Star Rating
 
 

Daily Data

At close 17-Dec-2014

Ord
Price1000.00p
NAV*902.02p
NAV**903.75p
Prem/-Disc*10.86%
Prem/-Disc**10.65%
Net Dividend Yield4.35%

Ord B
Price1125.00
NAV*902.02
NAV**903.75
Prem/-Disc*24.72%
Prem/-Disc**24.48%
Net Dividend Yield3.82%


* 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.

 
 
 
 

Portfolio Holdings Disclaimer

Holdings are subject to change at any time. Holdings should not be relied upon in making investment decisions and should not be construed as research or investment advice regarding specific securities. By accessing the portfolio holdings, you agree not to reproduce, distribute or disseminate the portfolio holdings, in whole or in part.

 
 

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.

 
 

Murray International Trust PLC Half Yearly Report for the six months ended 30 June 2014
Bruce Stout, Senior Investment Manager

In this webcast Bruce Stout gives an update on a wide range of subjects including the Trust’s 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

November 2014

Background

The global economic backdrop experienced a shock of seismic proportions from collapsing oil prices during the month of November. Whilst economists and strategists frantically revised forecasts for global growth, government revenues and consumer spending based on significantly lower expectations of worldwide energy costs, it is somewhat premature to predict such a scenario on what has historically been a constantly unpredictable commodity. Further turbulence cannot be discounted in what remains an extremely tense and volatile situation.

Performance

Not surprisingly, the largest single contributing influence towards overall performance of financial markets during the period was the price of a barrel of oil. At the current level of below U$70, numerous oil producing projects and countries have become “uneconomical overnight”, a perception that contributed significantly to increased volatility in the prices of equities and bonds. Until some stability is restored in the global oil market, such sentiment is likely to persist.

Activity

During the month, surplus cash was used to add to existing sovereign bond holdings in South Africa and Indonesia.

Outlook

No longer confined to just fretting over the economic prospects of a world constrained by excessive debt, anaemic demand, deflationary pressures, declining real wages and negative returns on cash savings, financial markets now have to also contemplate the dislocations associated with a bitter and acrimonious battle between the conflicting interests of oil producers and oil consumers. Preservation of capital remains key in such a relentlessly hostile environment.


Source: Monthly Factsheet Aberdeen Asset Managers Limited