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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.
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”.
At close 21-May-2015Ord
|Net Dividend Yield||4.43%|
|Net Dividend Yield||4.39%|
* Debt at market value
** Debt at par
Source: Morningstar, NAV = Net Asset Value, excluding income.
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 is not a guide to future results.
See latest monthly factsheet below for performance history.
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.
40 Princes Street,
Registered in Scotland as an Investment Company Number SC0006705
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.
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.
Unequivocal evidence of structural distortions to consumption, wage distribution, savings and the credit cycle continue to emerge throughout the debt-infested developed world. Anaemic growth, deflationary pressures and misallocated capital are symptoms that prevail in a world severely distorted by Central Bank orchestrated financial repression.
Printing money, interest rates and currencies continued to dictate the direction of financial markets during the period. European longer-dated sovereign bond yields plunged to multidecade lows, currency volatility spiked sharply upwards and sentiment remained hostage to political rhetoric and unorthodox policy initiatives. Synthetic prices dominated the financial landscape within increasingly manipulated fixed income markets.
There were no transactions over the period.
The reluctance of bond and equity markets to adequately price for credit risk and inflate valuations irrespective of prevailing sovereign or corporate fundamentals uncomfortably stretches the boundaries for savers and investors alike. Against this backdrop the strategy remains cautious, disciplined, valuation orientated and focused on capital preservation.
Source: Monthly Factsheet Aberdeen Asset Managers Limited