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ii Super 60 - Murray International IT

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ii Super 60 investments:
Murray International IT

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The classification of this Super 60 investment has changed. Find out more

Asset Group Asset Sub-Group Investment Category
Equities Global equity income Adventurous

Selection rationale:
Murray International has an attractive yield of 6% and has grown its dividends, paid quarterly, for the past 16 years. Its five-year record is uninspiring but recent performance has perked up. This has led to outperformance of its composite 40% FTSE World UK and 60% FTSE World ex UK over the past year and shares in the trust moving to a small single-digit premium (within their +5% to -5% range over the past three years).

Bruce Stout has been managing the trust since 2004, but his involvement dates back to the 1980s. He focuses on defensive businesses where he has a high degree of confidence that the companies can continue to deliver earnings and dividends, and not paying too high a price for them. Stout believes being able to invest globally gives him scope for great diversification, which helps to reduce volatility.

April 2020

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Classification change

The decision to reclassify Murray International from Global Equity Income/ Income to Global Equity Income/ Adventurous is in-line with our stated methodology. We have conducted a careful review of the risks associated with the trust, including the style of the manager and portfolio positioning as well as assessment of the sector.

In conclusion, we maintain our conviction in the manager and his process. The risk re-categorisation was needed due to the current, post sell-off market environment and the possibility of longer recovery periods for value investing.

(20 July 2020)

News and analysis

26 March

Coronavirus ii Super 60 update: Murray International

interactive investor's analysts bring you an urgent update on this ii Super 60 rated fund.

by Dzmitry Lipski

Risk warnings

Past performance of the underlying constituents is not a guarantee of future performance. The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. 

Annual performance can be found on the factsheet of each fund, trust or ETF. Simply click on the asset’s name and then the performance tab. 

The information we provide in the ii Super 60 investments list is an opinion provided by ii or one of its partners on whether to buy a specific investment. Please note that none of the opinions we provide are a “personal recommendation”, which means that we have not assessed your investing knowledge and experience, your financial situation or your investment objectives. Therefore you should ensure that any investment decisions you make are suitable for your personal circumstances.

If you are unsure about the suitability of a particular investment or think that you need a personal recommendation, you should speak to a suitably qualified financial advisor. 

Any changes to the ii Super 60 investments list and the rationale behind those decisions will be communicated through the Quarterly Investment Outlook.

Details of all recommendations issued by ii during the previous 12 month period can be found here.

ii adheres to a strict code of conduct. Members of ii staff may hold shares in companies mentioned in the ii Super 60 investments list, which could create a conflict of interest. Any member of staff intending to complete some research about any financial instrument in which they have an interest are required to disclose such interest to ii. We will at all times consider whether such interest impairs the objectivity of the recommendation.

In addition, staff involved in the production of this ii Super 60 list are subject to a personal account dealing restriction. This prevents them from placing a transaction in the specified instrument(s) for five working days before and after an investment is included or amended and made public within the list. This is to avoid personal interests conflicting with the interests of the recipients of this ii Super 60 investments list.