Murray International Trust | Research

Murray International Trust is a truly global trust diversified across Europe, Asia, the US, and Latin America. The trust also holds some emerging markets fixed income securities. Samantha Fitzpatrick, co-manager of the trust, highlights a couple of key holdings trust such as Broadcom and BE Semiconductors which have performed strongly in recent times. Samantha also notes that there have been some weaker holdings, and explains that this is key to constructing a diversified portfolio in so much that holdings perform differently at different times.

Murray International Trust is very well diversified across geography and industry. The company aims to deliver an above average dividend yield with growth in those dividends and capital above inflation. Fund manager, Martin Connaghan, explains the key drivers of recent strong performance which include some of the trust's semiconductor holdings, LatAm holdings, and European stocks.

Murray International Trust remains a high conviction diversified global portfolio with a c.4% dividend yield. Managers have sought to build a portfolio around financially resilient stocks run by strong management teams who have met economic adversity in the past. Samantha Fitzpatrick explains that the flexibility they have within the trust is vital in allowing them to deliver on their mandate.

Murray International Trust’s NAV increased by 12.5% last year with the share price increasing 18.5%. Combined with significant dividend recovery, the trust has generated robust performance for shareholders in a volatile period for markets. Martin Connaghan, fund manager, details the key portfolio changes and highlights some high conviction ideas to illustrate what the team are looking to achieve in the trust.