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 09-Oct-2015Ord
|Net Dividend Yield||5.32%|
|Net Dividend Yield||6.21%|
* 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.
Global economists, politicians and policymakers were forced to face reality over the month as the prevailing mood of complacency and constant denial was shaken to its core. Slowing growth in China combined with weakening currencies throughout Asia and the developing world unleashed widespread re-appraisal of current economic conditions. For the debt laden developed world the prospects of further downward pressure on living standards and declining future prosperity became increasingly tangible.
Panicked by escalating concerns over future corporate earnings growth, financial markets endured a torrid month. Total returns in major global equity markets ranged from minus 5% to minus 20%, with the composite benchmark suffering its largest monthly decline for over six years. Deteriorating sentiment dictated widespread declines across all equity sectors, thereby presenting few hiding places from the intensive selling that prevailed.
The large position in ASUR was slightly reduced following a prolonged period of strong absolute and relative performance.
The Chinese Monetary Authority’s recent decision to devalue the Chinese currency was undoubtedly the catalyst for recent market turbulence, but the precarious environment of unrealistic expectations and over valuation had existed for some considerable time. Ultimately China’s determination to curb excesses and rebalance domestic economic growth is positive for global prospects longer term, but with financial markets ever fearful of deflation it may be some time before calm is restored.
Source: Monthly Factsheet Aberdeen Asset Managers Limited