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 03-Feb-2012
Ord| Price | 967.00p |
| NAV* | 905.02p |
| NAV** | 911.98p |
| Prem/-Disc* | 6.85% |
| Prem/-Disc** | 6.03% |
| Net Dividend Yield | 3.83% |
Ord B
| Price | 957.50 |
| NAV* | 905.15 |
| NAV** | 912.11 |
| Prem/-Disc* | 5.78% |
| Prem/-Disc** | 4.98% |
| Net Dividend Yield | 4.39% |
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.
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
January 2012
Background
Following in the liberal monetary footsteps of US and UK Central Banks, the European Central Bank began aggressively expanding its balance sheet in December. Despite previous pledges of defiance, the ECB buckled to political pressure and commenced widespread support of European sovereign bond markets.
Performance
Global equity markets crawled nervously higher over the period but lacked any true positive conviction. Investor sentiment remained fragile against a backdrop of economic and fiscal uncertainty, not helped by ominous signs of weakening corporate profitability from cautious corporate trading statements.
Activity
Cash from new share issuance was used to add to the existing holding in PetroChina.
Outlook
The crushing reality of anaemic growth in the developed world, stubbornly high unemployment and private sector de-leveraging is slowly being recognised as “normal” in the wake of the global credit bubble collapse. Unfortunately such conditions may prevail for some considerable time. Consequently the portfolio remains defensively positioned in quality companies with solid dividend growth prospects.
Source: Monthly Factsheet Aberdeen Asset Managers Limited