Risk Warning
The value of investments and the income from them may go down as well as up and investors may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Please refer to the Key Facts documents contained in the ISA/Share Plan Brochure & Application form for general and specific investment risks attaching to the individual trusts.
Read the detailed Risk WarningPast Performance
Past performance is no guide to future performance.
See latest monthly factsheet below for performance history.
Daily Data
At close 26-Jan-2012
Ord| Price | 639.50p |
| NAV | 628.77p |
| Prem/-Disc | 1.71% |
| Net Dividend Yield | 4.50% |
Source: Morningstar
NAV = Net Asset Value
Literature
Trust Details
Murray Income Trust PLC
Registered Office:
7th Floor
40 Princes Street,
Edinburgh,
EH2 2BY
Registered in Scotland as an Investment Company Number 12725
Murray Income Trust PLC
Objective
The objective of Murray Income Trust PLC is to achieve a high and growing income combined with capital growth through investment in a portfolio principally of UK equities.
Charles Luke: Seeking out quality and growth
MINC: A long history of steady dividend growth
Charles Luke presents a review of the performance of Murray Income Investment Trust for the 12 months ending 30 June 2011 and highlights the outlook for income and dividends. He then considers the positioning of the portfolio and concludes with market valuations.
Play
Manager's Monthly Report
January 2012
The FTSE All-Share Index ended December marginally higher, rising by 0.8% on a total
return basis following the small decline over November. European government debt
continued to influence the market with the leaders’ summit at the beginning of the month
demonstrating that at least politicians were now more alive to the issue. Sector
performance followed the pattern of the year with defensive areas of the market
outperforming with those companies more exposed to global growth performing poorly.
Although economic releases were generally weak, there were some initial signs that activity
may be stabilising with the PMI surveys pointing a little ahead of expectations. Third
quarter GDP growth was revised upwards by 0.1% to 0.6%. CPI inflation fell as anticipated
to 4.8% in November from 5.0% in October but still remains stubbornly above the target
level. The Monetary Policy Committee maintained interest rates and the asset purchase
programme at unchanged levels.
December was a very quiet month for trading. However, we continued to write options as a
means of gently increasing the income available to the Trust with calls in Land Securities
and Provident Financial amongst others and puts in GlaxoSmithKline and Nestlé.
The high levels of European and US government debt coupled with signs of sub-par global
growth have increased the level of uncertainty resulting in significant equity volatility. We
take comfort that equity market valuations are now neither expensive relatively, nor
absolutely, but it seems likely that markets will remain volatile as investors overreact to
both good and bad news. We believe our holdings have robust financial characteristics and
strong competitive positions able to withstand the pressures of the time and deliver good
returns over the long term.
Source: Monthly Factsheet Aberdeen Asset Managers Limited
MINC: A long history of steady dividend growth
Charles Luke presents a review of the performance of Murray Income Investment Trust for the 12 months ending 30 June 2011 and highlights the outlook for income and dividends. He then considers the positioning of the portfolio and concludes with market valuations.
PlayManager's Monthly Report
January 2012
The FTSE All-Share Index ended December marginally higher, rising by 0.8% on a total return basis following the small decline over November. European government debt continued to influence the market with the leaders’ summit at the beginning of the month demonstrating that at least politicians were now more alive to the issue. Sector performance followed the pattern of the year with defensive areas of the market outperforming with those companies more exposed to global growth performing poorly.
Although economic releases were generally weak, there were some initial signs that activity may be stabilising with the PMI surveys pointing a little ahead of expectations. Third quarter GDP growth was revised upwards by 0.1% to 0.6%. CPI inflation fell as anticipated to 4.8% in November from 5.0% in October but still remains stubbornly above the target level. The Monetary Policy Committee maintained interest rates and the asset purchase programme at unchanged levels.
December was a very quiet month for trading. However, we continued to write options as a means of gently increasing the income available to the Trust with calls in Land Securities and Provident Financial amongst others and puts in GlaxoSmithKline and Nestlé.
The high levels of European and US government debt coupled with signs of sub-par global growth have increased the level of uncertainty resulting in significant equity volatility. We take comfort that equity market valuations are now neither expensive relatively, nor absolutely, but it seems likely that markets will remain volatile as investors overreact to both good and bad news. We believe our holdings have robust financial characteristics and strong competitive positions able to withstand the pressures of the time and deliver good returns over the long term.
Source: Monthly Factsheet Aberdeen Asset Managers Limited