MUT aims for a high and growing income combined with capital growth through investment in a portfolio principally of UK equities. Its investment policy is to invest in companies that have potential for real earnings and dividend growth, while also providing an above-average portfolio yield. The emphasis is on the management of risk and the absolute return from the portfolio. MUT measures its performance versus the broad UK stock market.
More Murray Income Trust content >Investment summary
Murray Income Trust (MUT) invests mainly in UK equities and aims to provide a high and growing income, combined with capital growth. Its quality bias has resulted in underperformance during the recent rotation away from the quality and growth stocks favoured by manager, Charles Luke. However, the trust’s long-term track record of outperformance of the market and its peers confirms that Luke’s approach pays off over time. Over the ten years to end March 2022, MUT has generated an average annualised return of 8.1% on an NAV basis and 7.7% in share price terms, compared to a market return of 7.2%. The trust’s FY22 dividend is expected to be at least 34.75p, putting it on track to deliver its 49th consecutive year of dividend growth. This represents a prospective yield of 4.1%.
Content on Murray Income Trust
Sector |
|---|
|
Investment companies
Access more Investment companies content
|
Share price graph
Price performance
% |
1m |
3m |
12m |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|||||||||||||||
| *% relative to local index | |||||||||||||||
Key management |
|
|---|---|
| Louise Bouverat | Manager - Investment Trust Promotion |
You may also be interested in…
- Aberdeen Diversified Income and Growth Trust
- Aberdeen New Thai Investment Trust
- abrdn Asian Income Fund
- abrdn Latin American Income Fund
- abrdn Private Equity Opportunities Trust
- abrdn UK Smaller Companies Growth Trust
- Agronomics
- Atlantis Japan Growth Fund
- Axiom European Financial Debt Fund
- Baillie Gifford China Growth Trust
- Baillie Gifford US Growth Trust
- Baker Steel Resources Trust
- Bankers Investment Trust (The)
- BioPharma Credit
- BlackRock Greater Europe Investment Trust
- BlackRock Latin American Inv. Trust
- BlackRock Sustainable American Income Trust
- Canadian General Investments
- CVC Income & Growth
- Diverse Income Trust (The)
- ESGTI
- European Assets Trust
- European Opportunities Trust
- Fidelity Emerging Markets
- Finsbury Growth & Income Trust
- Foresight Solar Fund
- Fundsmith Emerging Equities Trust
- Georgia Capital
- Gresham House Energy Storage Fund
- Hansa Investment Company
- Henderson Far East Income
- Henderson International Income Trust
- Henderson Opportunities Trust
- Henderson Smaller Companies Investment Trust
- HgCapital Trust
- Invesco Asia Trust
- JPMorgan European Discovery Trust
- JPMorgan Global Convertibles Income Fund
- JPMorgan Global Growth & Income
- Lowland Investment Company
- Martin Currie Global Portfolio Trust
- Murray International Trust
- NB Private Equity Partners
- Ocean Wilsons Holdings
- Premier Miton Global Renewables Trust
- Princess Private Equity Holding
- Riverstone Credit Opportunities Income
- RTW Venture Fund Limited
- Schroder AsiaPacific Fund
- ScotGems
- Templeton Emerging Markets Investment Trust
- The Biotech Growth Trust
- The Brunner Investment Trust
- The European Smaller Companies Trust
- The Law Debenture Corporation
- The Merchants Trust
- The North American Income Trust
- UIL
- Utilico Emerging Markets Trust
- Vietnam Enterprise Investments
- VietNam Holding
- VinaCapital Vietnam Opportunity Fund
- Witan Investment Trust
- Worldwide Healthcare Trust