Investment Trust Awards 2011
Murray International, Best International Income
Aberdeen’s Award Winning TrustsRisk 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 WarningPast Performance
Past performance is no guide to future performance.
See latest monthly factsheet below for performance history.
Daily Data
At close 21-Feb-2012
Ord| Price | 981.00p |
| NAV* | 916.45p |
| NAV** | 923.13p |
| Prem/-Disc* | 7.04% |
| Prem/-Disc** | 6.27% |
| Net Dividend Yield | 3.77% |
Ord B
| Price | 975.00 |
| NAV* | 916.40 |
| NAV** | 923.07 |
| Prem/-Disc* | 6.39% |
| Prem/-Disc** | 5.63% |
| Net Dividend Yield | 4.31% |
Source: Morningstar
* Debt at market value
** Debt at par
NAV = Net Asset Value
Literature
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 global market outlook
Money Observer's deputy editor Ruth Emery finds out where Bruce Stout, manager of the top-performing Murray International Trust, will be investing in 2012 – and the areas that he will be avoiding – as well as his outlook on dividends.
MINT: Fund Manager Outlook
Bruce Stout discusses the issues currently affecting investment companies and what the outlook might be for investors over the long-term. This presentation was delivered at the AIC Ascot Roadshow for Private Investors in September 2011 which brought together an impressive range of investment talent. Play
Manager's Monthly Report
February 2012
Background
Recent economic releases suggest the developed world remains in a state of virtual stagnation as public and private sector de-leveraging intensifies. Numerous corporate profit warnings emphasise how difficult trading conditions continue to be for many companies, given the backdrop of widespread economic uncertainty.
Performance
Completely unwarranted by prevailing negative fundamentals, investment sentiment markedly improved over the month. A mood of optimism swept through global financial markets, propelling stock prices higher pretty much across the board. Economically sensitive sectors, such as mining, commodities and industrials, were amongst some of the strongest performers.
Activity
Existing positions in Daito Trust and Casino were added to over the period, using cash from the outright sale of Takeda Pharmaceutical.
Outlook
History provides countless examples of January market rallies, where the new calendar year is enthusiastically embraced by hopeful market participants. Based purely on sentiment, rather than reality, they tend to fizzle out by March. We expect no difference this time round, especially once the severity of headwinds against corporate earnings growth is fully digested.
Source: Monthly Factsheet Aberdeen Asset Managers Limited