Murray International Trust (LSE: MYI)

Last close As at 18/09/2024

GBP2.54

1.00 (0.40%)

Market capitalisation

GBP1,553m

Murray International Trust aims to achieve an above-average dividend yield with long-term growth in dividends and capital ahead of inflation, by investing principally in global equities. Its reference is an all-world index (total return).

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Murray International Trust in 60 seconds

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Equity Analyst

Melanie Jenner

Mel Jenner

Director, Investment Trusts

Key Management

  • Martin Connaghan

    Fund manager

  • Samantha Fitzpatrick

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (0.6) 1.8 2.6
Relative (0.5) (0.5) (5.3)
52 week high/low 261.0p/219.0p

Overview

Murray International Trust’s (MYI’s) managers Martin Connaghan and Samantha Fitzpatrick (the previous third manager Bruce Stout retired at the end of June 2024) are mindful that although markets were strong in H124, there are reasons to be cautious. The US dominates global indices and market leadership has been narrow, led by mega-cap technology companies that are viewed as beneficiaries of the growth in AI. Any earnings shortfalls in these companies could lead to broader-based share price weakness. Central banks are having to deal with the delicate balance of controlling inflation and supporting growth, while major geopolitical tensions and conflicts and the US presidential election are also significant factors that could weigh on investor sentiment. MYI’s focus on high-quality, dividend-paying stocks with a portfolio that is diversified by sector and geography could be well placed to navigate near-term volatility.

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