Uncovering Trusts – Murray International Trust (MYI): A well-established global income trust

In this episode, our director of content, investment trusts Milosz Papst talks about Murray International. This is our first podcast focusing on this large, well-established fund, so he starts by providing an introduction to the company, before highlighting how it differs from its peers in the AIC Global Equity Income sector. Murray International has a notable below-market weight in the US and a meaningful allocation to emerging markets. Discussion then moves onto the investment process, which features Aberdeen’s focus on quality and value, and input from its regional investment teams. He then provides more information about the portfolio, which is broadly diversified by geography and sector. To bring some more colour, he gives some examples of recent transactions, where portfolio activity has been higher than average as Murray International’s managers have found increased opportunities in a volatile market. Attention then turns to the trust’s performance and the change in the company’s reference measure to what is a more relevant MSCI ACWI High Dividend Yield Index given Murray International’s emphasis on income and dividend growth. Papst then highlights the trust’s competitive fee structure and its valuation, before wrapping up with summary of the key takeaways of the Murray International story.

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About Uncovering Trusts: Uncovering Trusts is a podcast run by Edison analysts, which is released every two weeks. Subscribe to hear analyst interviews on how investment trusts maximise returns while managing risks for investors.