Murray International Ord (LSE:MYI)

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Trading AccountISAJISASIPP

Trust Info

  • Market Cap£1.456bn
  • OCF0.99%
  • AIC sectorGlobal Equity Income
  • Manager GroupAberdeen Standard Investments
  • Currency
  • ISINGB0006111909

Investment Strategy

To achieve an above average dividend yield, with long term growth in dividends and capital ahead of inflation, by investing principally in global equities.

ii Super 60 selected

This Investment trust is a member of our ii Super 60 rated list

Murray International has grown its dividends, paid quarterly, for the past 16 years. Its five-year record is uninspiring, but we remain fans of the trust due to the manager’s experience, its attractive income qualities (both its consistent record of dividend payments and market-beating yield of 5.7%) and its focus on Asia Pacific and emerging market companies (which account for around 40% of the portfolio). The majority of other global income funds and trusts tend to mainly stick to shares listed in developed markets – US, UK and Europe.

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.

October 2020

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