Murray International Trust in 60 seconds

Edison’s investment companies team recently published a review on Murray International Trust (MYI). While its performance lagged the world market in 2024, managers Martin Connaghan and Samantha Fitzpatrick fulfilled their brief of generating an above-average dividend yield along with both income and capital growth. Murray International has no exposure to the ‘Magnificent 7’ US mega-cap technology stocks, which has been a drag on performance in recent years but has been beneficial during the volatile start to 2025. The managers have no sector or geographic constraints, enabling them to focus on their best ideas across the world. Murray International is notable for its underweight US and overweight emerging markets exposures. Subject to shareholder approval of the final FY24 dividend, the trust will have increased its annual distribution for 20 consecutive years, which earns it a place in the AIC’s list of dividend heroes.

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01.05.24