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Associated equity: Murray Income Trust
Edison Investment Research is terminating coverage on Murray Income Trust (MUT). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.
Murray Income Trust — 1 video in collection
Edison recently published a note on Murray Income Trust. This trust invests in high-quality, mainly UK-listed stocks which the manager believes are best placed to support the trust’s objective to provide a high and rising dividend. The trust has realised this objective, delivering continually rising dividends for 51 years, and looks set to extend this record in 2025. Murray Income’s quality focus has undermined its relative performance over recent years, as value stocks have outperformed. But long-term performance has been positive and close to the benchmark, satisfying MUT’s capital growth goal. And the manager is optimistic about the prospects for UK equities, especially the quality businesses he targets. Investors are underweight this market, suggesting a rise in inflows is overdue, and declining interest rates should encourage greater M&A activity as investors seek to take advantage of valuations that the manager believes remain ‘compelling’.
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