Edison Reviews Murray International Trust Ahead of Manager Retirement

Edison Investment Research Limited has published a review of Murray International Trust (MYI) as it smoothly transitions its management team in anticipation of Bruce Stout’s retirement at the end of June 2024. With Stout’s departure, Martin Connaghan and Samantha Fitzpatrick will lead, ensuring continuity in MYI’s strategies for income and capital growth amidst changing market conditions. The Trust aims to outperform UK inflation rates while maintaining its dividend, supported by substantial revenue reserves.

MYI is recognized for its low-risk investment approach, focusing on securing ‘good businesses at good prices.’ This strategy aims to shield investors during volatile market periods. The Trust is noted for its long-term investment outlook and low turnover, holding some positions for over two decades. Unlike its peers, MYI places a larger emphasis on emerging markets, which present higher growth prospects and attractive valuations. Currently, MYI’s market position is marked by a significant discount compared to historical averages, potentially offering an advantageous opportunity for new investors.