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
 
 

Daily Data

At close 21-Oct-2014

Ord
Price1050.00p
NAV*956.97p
NAV**959.02p
Prem/-Disc*9.72%
Prem/-Disc**9.49%
Net Dividend Yield4.14%

Ord B
Price1425.00
NAV*1004.71
NAV**1006.97
Prem/-Disc*41.83%
Prem/-Disc**41.51%
Net Dividend Yield3.02%


* 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.

 
 

Murray International Trust PLC Half Yearly Report for the six months ended 30 June 2014
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

September 2014

Background

Weaker than expected economic data combined with disappointing corporate profits created a mood of widespread despondency over the period. Competitive pressures remained intense in most global industries, prompting many companies to revise down forecasts for calendar year 2014 earnings and dividends.

Performance

Risk aversion noticeably increased in response to rising economic uncertainty. Most global equity markets recorded losses over the month. European equity prices suffered more than most as policymakers failed to deliver constructive solutions to a region buckling under the stress of stubbornly high unemployment and declining real incomes.

Activity

A new position in South African bonds was established using cash raised from UK equities. Additional investment was also added to the existing position in Brazilian sovereign bonds.

Outlook

Whilst the debate for and against the need for tightening interest policy in the United States and the UK looks set to intensify, the risks of tipping fragile economic recovery into recession loom large on the horizon.

Enormous outstanding indebtedness in the so-called developed world is the Achilles Heel as to why re-establishing normal economic relationships of credit and savings remain as elusive as ever, and will continue to be so.


Source: Monthly Factsheet Aberdeen Asset Managers Limited