Murray International Trust PLC
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Investor Warning

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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 23-Apr-2014

Ord
Price1054.00p
NAV*978.30p
NAV**981.90p
Prem/-Disc*7.74%
Prem/-Disc**7.34%
Net Dividend Yield3.98%

Ord B
Price1365.00
NAV*978.30
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

March 2014

Background

With the vast majority of investors slavishly obsessing over daily dispatches of global growth statistics, scant attention was paid to recent data depicting a record deterioration in the UK’s hideously disfigured current account deficit. Such a worrying structural imbalance in the trade of goods and services suggests onerous future financing requirements may soon begin to severely question the sustainability of recent sterling strength.

Performance

Deflationary effects from long overdue reductions in public and private debt continued to adversely affect overall corporate profitability. Numerous earnings disappointments from companies exposed to retailing, industrial and consumer discretionary business sectors dampened enthusiasm towards equities and generally restrained financial markets over the period.

Activity

Funds raised from top-slicing positions in Weir and Johnson & Johnson were reinvested by adding to existing holdings in Casino and Taiwan Mobile.

Outlook

Continued sovereign balance sheet expansion coupled with prevailing excessive leverage throughout the developed world suggests economic activity will remain hostage to fragile confidence and fluctuating bond yields for some considerable time. Such an environment pressurises companies to secure sales growth at the expense of margin, hence the outlook for corporate profitability remains decidedly opaque. Great caution will be maintained towards capital preservation in such an inherently hostile investment backdrop.


Source: Monthly Factsheet Aberdeen Asset Managers Limited