Please be aware of scams that can affect investors.
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 27-Aug-2015Ord
|Net Dividend Yield||5.58%|
|Net Dividend Yield||6.00%|
* 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
Investor warning: Please be aware of scams that can affect investors. Read the full warning here.
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.
Obsessing over each and every data release, the smallest details of central bank rhetoric and every nuance of policymakers projections, the global economic backdrop remained fixated by the future path of interest rates. Craving normality where clearly normality doesn’t exist, those charged with charting the course of future policy unfortunately have no historical precedent from which to guide them.
Sharply deflating equity prices in China combined with relentlessly rising sterling and declining commodity prices maintained a mood of uncertainty over the period. Although relative calm was restored to global fixed interest markets after a period of extreme turbulence, the spectre of rising interest rates kept bond market investors on edge. Most global equity markets slowly recovered from weakness in June, albeit without any tangible level of conviction.
Some additional cash was invested in SingTel over the period.
With low yielding growth stocks, particularly in sectors such as biotechnology, healthcare and technology, continuing to outperform value stocks, the portfolio’s yield focused, value conscious, globally diversified style continues to lag in the liquidity fuelled, momentum driven environment which prevails today. Compounded by extremely strong sterling gnawing into capital values, current conditions remain tough. Patience and maintaining a longer term focus is essential until this headwind subsides.
Source: Monthly Factsheet Aberdeen Asset Managers Limited