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 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
 
 
Money Observer Awards 2015
 
 

Daily Data

At close 31-Jul-2015

Ord
Price921.00p
NAV*887.50p
NAV**888.96p
Prem/-Disc*3.77%
Prem/-Disc**3.60%
Net Dividend Yield5.05%

Ord B
Price925.00
NAV*887.93
NAV**889.39
Prem/-Disc*4.17%
Prem/-Disc**4.00%
Net Dividend Yield4.86%


* 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

Investor warning: Please be aware of scams that can affect investors. Read the full warning here.

 

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 Annual Report for the year ended 31 Dec 14
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

June 2015

Background

Central Bank policies, currencies and interest rates continued to dominate and distort the economic landscape over the month. As the European Central Bank ramped up production of euro banknotes, currency volatility intensified and sovereign bond prices declined in response to increased uncertainty associated with such unorthodox measures.

Performance

The issue of deteriorating Greek solvency greatly influenced all financial markets throughout June. Global equity markets declined sharply as investors gravitated towards cash and less risk perceived assets. Bond yields spiked sharply upwards as risk aversion spread, the worst affected being those countries in peripheral Europe deemed most vulnerable to contagion from Greece. Sterling rose to a seven year high against a basket of its major trading partner currencies, exerting further pressure on its chronic balance of payments deficit.

Activity

Some additional cash was invested in BAT Malaysia over the period.

Outlook

Sterling’s relentless appreciation against the majority of international assets within the portfolio accounted for most of the capital depreciation during the period. Defensive positioning proved resilient in local currency terms, but such an unanticipated move in sterling produced unwelcomed returns. Economic and political fundamentals within the UK arguably do not fundamentally support a sustainable currency appreciation of this magnitude, therefore such strength is unlikely to last. Widespread International diversification continues to be the focus in pursuit of achieving the Trust's capital and income objectives.


Source: Monthly Factsheet Aberdeen Asset Managers Limited