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Murray International Trust PLC

A high conviction global portfolio designed to deliver a strong and rising income and to grow capital

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Daily prices as of 16 May 2022

Share Price 1246.00p

Estimated NAV cum income 1287.76p

Estimated NAV ex income 1267.86p

Dividend Yield 4.4%

Premium / (Discount) to NAV cum income -3.2%

Premium / (Discount) to NAV ex income -1.7%

About us

Find out more about our investment objective, approach, portfolio and performance.

About us

Insights

Our articles, podcasts and videos offer the latest perspectives from our managers on the evolving investment landscape.

Insights

How to invest

Learn more about the different ways in which you can invest.

How to invest

Online Shareholder Presentation

In advance of the AGM, in order to provide certainty, whilst encouraging and promoting interaction and engagement with our shareholders, the Board held an interactive Online Shareholder Presentation on Thursday 7 February 2022. At the presentation, shareholders received updates from the Chairman and Senior Independent Non-Executive Director, David Hardie and Alexandra Mackesy, and Managers, Bruce Stout and Martin Connaghan. This was followed by an interactive question and answer session. A recording of the presentation is now available to watch on demand below.

Watch on demand now >

Latest News

An update from our investment manager, Bruce Stout - 29 April 2022

Against a backdrop of rising bond yields, contracting liquidity, higher inflation, uncertainty over growth and escalating conflict in Eastern Europe, trying to predict a cohesive outlook for financial markets is as problematic as ever. Investment focus continues to emphasise quality at the company level, with increased scrutiny of the operational dynamics associated with rising input costs, rising labour costs and the ability to pass through price increases without losing competitiveness. For many companies the inflationary backdrop now evolving is totally alien, and for those with highly geared balance sheets, wafer- thin profit margins or negative free cash flows, such influences on the business environment will prove extremely hostile indeed. The portfolio will continueto avoid such companies in favour of a broad diversification of real assets, favouring business models and management that have proven capability of dealing with harsh and unpredictable operational conditions. 

Read our annual report to 31 December 2021
Read our recent annual results announcement
Read the Company's latest Regulatory News Service (RNS) announcements

About us

Hear more from our investment manager Bruce Stout:

 
Learn more about the portfolio

Key people

Bruce Stout

Bruce Stout

Senior Investment Manager

Education and Experience

Bruce Stout is a senior investment manager on the Global equities team. Bruce joined the company in 1987 via the acquisition of Murray Johnstone. Bruce has held a number of roles including investment manager on the emerging markets team.
Bruce graduated with a BA in Economics from the University of Strathclyde and completed a graduate training course with General Electric Company UK.

Martin Connaghan

Martin Connaghan

Investment Director

Education and Experience

Martin is an Investment Director on the Global Equity Team at abrdn. Martin began his career at Murray Johnstone in 1998 and joined the company via the acquisition of Murray Johnstone in 2001. Martin has held a number of roles including Trader, Credit Analyst and ESG Analyst, however he has been focused on the management of global equity portfolios for the last fifteen years.

Samantha Fitzpatrick

Samantha Fitzpatrick

Investment Director

Education and experience

Samantha is an Investment Director on the Global Equity Team at abrdn. Samantha joined the company in 2001 via the acquisition of Murray Johnstone where she was a Performance and Risk Analyst. Samantha has been involved in the management of global equity portfolios for the last fifteen years. She has a BSC (Hons) degree in Mathematics from the University of Strathclyde and is a CFA Charter holder.

  • Bruce Stout

    Bruce Stout

    Senior Investment Manager

    Education and Experience

    Bruce Stout is a senior investment manager on the Global equities team. Bruce joined the company in 1987 via the acquisition of Murray Johnstone. Bruce has held a number of roles including investment manager on the emerging markets team.
    Bruce graduated with a BA in Economics from the University of Strathclyde and completed a graduate training course with General Electric Company UK.

  • Martin Connaghan

    Martin Connaghan

    Investment Director

    Education and Experience

    Martin is an Investment Director on the Global Equity Team at abrdn. Martin began his career at Murray Johnstone in 1998 and joined the company via the acquisition of Murray Johnstone in 2001. Martin has held a number of roles including Trader, Credit Analyst and ESG Analyst, however he has been focused on the management of global equity portfolios for the last fifteen years.

  • Samantha Fitzpatrick

    Samantha Fitzpatrick

    Investment Director

    Education and experience

    Samantha is an Investment Director on the Global Equity Team at abrdn. Samantha joined the company in 2001 via the acquisition of Murray Johnstone where she was a Performance and Risk Analyst. Samantha has been involved in the management of global equity portfolios for the last fifteen years. She has a BSC (Hons) degree in Mathematics from the University of Strathclyde and is a CFA Charter holder.

David Hardie

David Hardie

Chairman

Education and Experience

David is a corporate lawyer by background and was formerly a partner of UK law firm, Dundas & Wilson (now part of CMS), where he was a partner for over 30 years and where he held various positions including head of corporate, managing partner and chairman. David is also a non-executive chairman of WNL Investments Limited.

Claire Binyon

Claire Binyon

Independent Non-Executive Director

Education and Experience

Claire is a chartered accountant who, following an early career in the City, held senior corporate development and strategic planning roles with global multinational businesses including inBev, Cadbury, DS Smith and Fenner (a Michelin group company). She is a non-executive director of JPMorgan American Investment Trust PLC.

Ali Mackesy

Alexandra Mackesy

Senior Independent Non-Executive Director

Education and Experience

Alexandra is a former equity analyst, having spent the majority of her executive career in Asia with SBC Warburg, JP Morgan and Credit Suisse. She has some 18 years of experience as a director of UK listed investment trusts and is currently chairman of JPMorgan China Growth & Income trust plc and a non-executive director of The Henderson Smaller Companies Trust plc. She is also a director of Board Level Partners Ltd, which provides board advisory services.

Nick Melhuish

Nick Melhuish

Independent Non-Executive Director

Nicholas joined Corpus Christi College, Oxford as Fellow and Bursar in 2018 following a portfolio management career most recently as Head of Global Equities at Amundi SA. He is a non executive director of JPMorgan Claverhouse Investment Trust PLC, a trustee of the Trusthouse Charitable Foundation and a director and trustee of The London Clinic. He also lectures at the Saïd Business School at Oxford University on Asset Management.

  • David Hardie

    David Hardie

    Chairman

    Education and Experience

    David is a corporate lawyer by background and was formerly a partner of UK law firm, Dundas & Wilson (now part of CMS), where he was a partner for over 30 years and where he held various positions including head of corporate, managing partner and chairman. David is also a non-executive chairman of WNL Investments Limited.

  • Claire Binyon

    Claire Binyon

    Independent Non-Executive Director

    Education and Experience

    Claire is a chartered accountant who, following an early career in the City, held senior corporate development and strategic planning roles with global multinational businesses including inBev, Cadbury, DS Smith and Fenner (a Michelin group company). She is a non-executive director of JPMorgan American Investment Trust PLC.

  • Ali Mackesy

    Alexandra Mackesy

    Senior Independent Non-Executive Director

    Education and Experience

    Alexandra is a former equity analyst, having spent the majority of her executive career in Asia with SBC Warburg, JP Morgan and Credit Suisse. She has some 18 years of experience as a director of UK listed investment trusts and is currently chairman of JPMorgan China Growth & Income trust plc and a non-executive director of The Henderson Smaller Companies Trust plc. She is also a director of Board Level Partners Ltd, which provides board advisory services.

  • Nick Melhuish

    Nick Melhuish

    Independent Non-Executive Director

    Nicholas joined Corpus Christi College, Oxford as Fellow and Bursar in 2018 following a portfolio management career most recently as Head of Global Equities at Amundi SA. He is a non executive director of JPMorgan Claverhouse Investment Trust PLC, a trustee of the Trusthouse Charitable Foundation and a director and trustee of The London Clinic. He also lectures at the Saïd Business School at Oxford University on Asset Management.

Financial calendar

Year End 31 December
Accounts published March
Annual General Meeting April
Dividend Paid February, May, August, November

Trust details

Murray International Trust PLC

Registered Office:
1 George Street
Edinburgh
EH2 2LL

Registered in Scotland as an Investment Company Number SC006705

Launch Date: December 1907
Risk warning
Risk warning
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. Please refer to the relevant Key Information Document (KID) prior to making an investment decision. Please be aware of scams that can affect investors.