Edison initiates on Murray International Trust

RNS Number : 4074C

Murray International Trust PLC

28 September 2018

 

London, UK, 28 September 2018

Edison issues initiation on Murray International Trust (MYI)

Murray International Trust (MYI) is a global fund offering the prospect of capital appreciation and an above-average dividend yield from a diversified portfolio primarily of equities, as well as bonds. Manager Bruce Stout also aims to protect capital during periods of stock market weakness. He is cautious on the growth outlook for developed economies, based on the debt overhang following the global financial crisis, and continues to favour higher-growth markets in Asia and Latin America. Stout follows a disciplined, long-term approach to investing and, while 2018 has proved to be a tough period for emerging markets, has outperformed the trust's composite benchmark in all but three years since he assumed the role of lead manager in 2004.

MYI typically trades close to NAV; its current 1.8% share price discount to cum-income NAV compares with average premiums over the last one, three, five and 10 years of 1.8%, 0.2%, 2.2% and 3.4% respectively. The trust has a progressive dividend policy, aiming to grow the annual distribution above the level of UK inflation (supplementing income with reserves when required). Based on its current share price, MYI offers a 4.5% dividend yield.

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