Overview
Murray International aims to achieve a total return greater than its benchmark (40% FTSE World UK and 60% FTSE World ex UK) by investing predominantly in equities worldwide. Within this objective the Manager seeks to increase the Company’s revenues in order to maintain an above average dividend yield. It is a stock-picking fund – benchmark weights are not taken into account when constructing the portfolio.
Fundamentals
Price
Research History
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10 Sep 2020 7 min read
QuotedData’s Economic Roundup – September 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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14 Sep 2018 2 min read
QuotedData’s Economic round up – September 2018
QuotedData’s Economic round up – September 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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13 Mar 2018 2 min read
QuotedData’s Economic round up – March 2018
QuotedData’s economic round up – March 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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14 Sep 2017 2 min read
QuotedData’s economic round up – September 2017
QuotedData’s economic round up – September 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to […]
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10 Apr 2017 1 min read
QuotedData’s round up of views on the global economy – April 2017
A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]
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31 Jan 2017 1 min read
QuotedData – 2016 review of the year
Our review of 2016 includes performance data, significant moves in discounts and premiums, money raised and money handed back, major news stories and links to the research we have published including our guide to investment companies. 2016 Annual roundup
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26 Oct 2016 1 min read
Henderson International Income – A way to diversify income
Henderson International Income – A way to diversify income Marten & Co published an update note on the company. The sharp falls in sterling over the past few months have flattered the performance of many funds investing overseas, including Henderson International Income Trust (HINT), but have compounded problems for some UK equity income trusts. HINT’s […]
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1 min read
Henderson International Income – A way to diversify income
The sharp falls in sterling over the past few months have flattered the performance of many funds investing overseas, including Henderson International Income Trust (HINT), but have compounded problems for some UK equity income trusts. HINT’s manager warns that the threat of dividend cuts looms large for UK-focused trusts and thinks that now, more than […]
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03 Nov 2015 2 min read
Seneca Global Income & Growth Trust – Low volatility and growing income
Seneca Global Income & Growth Trust – Low volatility and growing income Marten and Co publishes its first initiation of coverage note on Seneca Global Income & Growth Trust (SIGT) In recent years Seneca Global Income & Growth has delivered returns ahead of the average of its peer group and ahead of comparable indices and […]
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27 Apr 2015 1 min read
The importance of income – where to find it?
Life used to be simpler. If you had a bit of spare cash or you wanted to save up for something you’d just stick some money in a bank or building society account. If you had a nest egg and wanted to invest it in something safe and live off the income, you’d maybe buy […]
News
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14 Aug 2020 4 min read
Murray International interims reflects challenges faced by global equity income funds
The £1.3bn market cap, global equity income trust, Murray International (MYI), has reported half-year results to 30 June 2020. Key total return performance figures are summarised below: Shares: (18.7%) NAV: (10.7%) Reference index: (4.7%) The reference index is comprised of the FTSE all world total return index from 27 April 2020. Prior to that the […]
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06 Mar 2020 1 min read
QuotedData’s other news 6 March 2020
In QuotedData’s other news 6 March 2020 – Income-focused Murray International (MYI) reported annual results to 31 December 2019. The company’s total return NAV increased by 12.4%, which came in below a total return of 21.1% from the company’s benchmark (40% FTSE World UK Index and 60% FTSE World ex UK Index). MYI said that within […]
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15 Aug 2019 1 min read
Murray International boosted by Fed pivot and sterling weakness
Murray International boosted by Fed pivot and sterling weakness – The £1.5bn market cap, global growth trust, Murray International (MYI), has reported half-year results to 30 June 2019. These are summarised below: Six months ended – 30 June 2019 Year ended – 31 December 2018 Share price +4.3% -6.8% NAV per share +10.6% -7.5% Benchmark […]
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17 May 2019 1 min read
QuotedData’s other news 17 May 2019
Murray International has agreed a new GBP30 million loan facility with the Royal Bank of Scotland International Limited which was drawn in full on 16 May 2019 and fixed for five years at an all-in rate of 2.25%. The new facility has, in part, been used to repay a maturing GBP15 million loan (also with the […]
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08 Mar 2019 2 min read
Murray International fee cut after disappointing year
Murray International fee cut after disappointing year – Murray International has reported a total return (ie with net income reinvested) of -7.5% for 2018, which it describes as a disappointing performance in absolute terms. This was somewhat below the total return of -5.2% from the benchmark (40% World UK Index and 60% World ex UK Index). The […]
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20 Dec 2018 1 min read
Murray International cuts management fee
Murray International cuts management fee – Murray International has announced that, with effect from 1 January 2019, its management fee will be 0.5% of net assets up to GBP1,200m and 0.425% of net assets above GBP1,200m. (The existing fee, chargeable until 31 December 2018 is 0.575% of net assets up to GBP1,200 million, 0.5% of […]
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19 Jul 2018 1 min read
Investment Trust Insider on how to grow trusts
Investment Trust Insider on how to grow trusts James Carthew: imponderable questions in quest for scale Last week I addressed the uphill battle Ashoka India Equity (AIE) faces if it wants to expand, having raised just £46.5 million in its flotation. It is by no means the smallest fund out there, however. Many of the very smallest funds […]
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09 Mar 2018 1 min read
Murray International outperforms in 2017
Murray International outperforms in 2017 – Murray International has published results for 2017. The chairman says that the NAV posted a total return of 14.7%, ahead of the total return of 12.8% from the benchmark (40% FTSE World UK Index and 60% FTSE World ex UK Index). The share price posted a total return of 11.0%, […]
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13 Mar 2017 5 min read
Murray International benefits from sterling depreciation and underweight exposure to the UK
Murray International (MYI)has announced its annual results for the year ended 31 December 2016. During the period, the trust provided an NAV total return of 40.3% and a share price total return of 50.5% (the trust moved from trading at a discount to trading at a premium over the period). These are markedly ahead of […]
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07 Feb 2017 1 min read
All trust sectors bar one made money in ’16
UK Smaller Companies was the only investment sector to lose money in 2016 despite a turbulent political and economic landscape, new research has revealed. See more here
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17 Aug 2016 2 min read
Murray International comes roaring back
Murray International says its net asset value total return, with net income reinvested, for the six months to 30 June 2016 increased by 30.1% compared with a total return of 10.0% on the Company’s benchmark (40% FTSE World UK and 60% FTSE World ex UK). Over the six month period the share price total return increased […]
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17 May 2016 1 min read
Murray International agrees new £15m loan facility with RBS
Murray International Trust has announced that it has agreed a new £15m loan facility with The Royal Bank of Scotland. The new facility was drawn in full on 16 May 2016 and fixed for three years at an all-in rate of 1.467%. It has been used to repay a maturing £15m loan with RBS. The […]
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14 Mar 2016 3 min read
Murray International scraps performance fee after disappointing year
Murray International had a poor year in 2015. The Chairman said he was disappointed to report that the NAV not only underperformed its benchmark in 2015 but also declined in absolute terms. He says a NAV total return of -7.8% inclusive of a 3.3% dividend increase (46.5p vs. 45p in 2014) compared unfavourably with a benchmark total return […]
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28 Jan 2016 2 min read
F&C Managed Portfolio beats UK market
F&C Managed Portfolio Trust has published interim results for the six months ended 30 November 2015, announcing a net asset value total return of -5.1% for the Income shares and -2.4% for the Growth shares compared to the FTSE All-Share Index return of -6.4%. The key drivers of the performance of the Growth Portfolio were […]
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17 Aug 2015 2 min read
Murray International struggles on stock selection and Japan underweight
Murray International’s interims for the first half of 2015 show the fund underperforming its benchmark – the net asset value total return declined by 2.6% compared with a positive total return of 2.0% on the Company’s benchmark (40% the FTSE World UK and 60% FTSE World ex UK). Over the six month period the share price total […]
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15 May 2015 1 min read
Murray International secures £50m loan
Murray International has secured a £50m loan facility from the Royal Bank of Scotland. This was drawn in full on 13 May 2015 and fixed for five years at an all-in rate of 2.4975%. The new facility has been used to repay a maturing Yen 8.4 billion loan with RBS. MYI : Murray International secures […]
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10 Mar 2015 1 min read
Murray International results don’t explain underperformance
Murray International’s results for the year ended 31 December 2014 have been published. Over the year the total return on net assets was 3% and the return to shareholders was 1.7%, unfortunately both these figures were behind the 7.5% return on the company’s benchmark (40% of the FTSE World UK Index and 60% of the […]
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11 Aug 2014 1 min read
Murray International outperforms in H1
MYI : Murray International outperforms in H1 Murray International Trust, managed by Bruce Stout (pictured), beat its benchmark over the first half of 2014, delivering a total return on net assets of 5.4% vs. a 2.8% return on the company’s benchmark (40% FTSE World UK and 60% FTSE World ex UK). The share price total return […]
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11 Mar 2014 1 min read
Murray International : MYI – annual results
In 2013 Murray International, managed by Bruce Stout (pictured), had a poor year relative to its benchmark – returning 4.6% (in net asset value terms) and 4.1% (in share price terms) vs. 21.2% for the benchmark (60% FTSE All-Share and 40% FTSE World ex UK). It did manage to increase its dividend from 40.5p to 43.0p […]
In The Press
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01 Mar 2021 2 min read
Funds and trusts yielding above 5%: opportunity or value trap?
Funds and trusts yielding above 5%: opportunity or value trap? by Cherry Reynard from interactive investor | 25th February 2021 11:42 The year 2020 may have been a dismal one for income seekers, but the outlook for 2021 is brighter. There is now a wealth of funds and investment trusts showing yields of more than 5%. However, many investors saw […]
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18 Sep 2020 2 min read
Investment trust insider on Murray International
Investment trust insider on Murray International – James Carthew: the challenge for Murray International investors Murray International (MYI) is the largest of the global equity income trusts with a market value of £1.2bn, and the highest yielding at 5.5% compared to its AIC Global Equity Income sector average of 4.3%. However, its long-term returns are […]
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30 Jun 2020 2 min read
Global income in a lost decade for UK dividends
Global income in a lost decade for UK dividends by Jennifer Hill Investment Trust Insider ezine, issue 54, June 2020 Bear markets for dividends are a rarity. There have only been six in the past 149 years compared to 16 for total stock market returns, according to an analysis by Schroders that uses the S&P […]
