Murray Income Trust PLC
  (GMT)
» Investment Trust Centre
» UK Home

Investor Warning

Please be aware of scams that can affect investors.

Read our investor warning

 

NMPI Status

The Company currently conducts its affairs so that securities issued by Murray Income Trust PLC can be recommended by financial advisers to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream pooled investment products (NMPIs) and intends to continue to do so for the foreseeable future.

The Company’s securities are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are securities in an investment trust.

 

Pre-investment Disclosure Document (PIDD)

The Alternative Investment Fund Manager Directive (“AIFMD”) requires Aberdeen Fund Managers Limited, as the alternative investment fund manager of Murray Income Trust PLC, to make available to investors certain information prior to such investors’ investment in the Company.

The AIFMD is intended to offer increased protection to investors in investment products that do not fall under the existing European Union regime for regulation of investment products known as “UCITS”.

Read the PIDD for Murray Income Trust

 
 

Morningstar Ratings

Analyst Rating

Morningstar bronze award

Fund Rating

4 star Rating
 
 

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 Warning
 

Past Performance

Past performance is not a guide to future results.
See latest monthly factsheet below for performance history.

 
 

Daily Data

At close 21-May-2015

Ord
Price767.00p
NAV804.39p
Prem/-Disc-4.65%
Net Dividend Yield4.07%


Source: Morningstar, NAV = Net Asset Value, excluding income.

 
 
 
 
 

Portfolio Holdings Disclaimer

Holdings are subject to change at any time. Holdings should not be relied upon in making investment decisions and should not be construed as research or investment advice regarding specific securities. By accessing the portfolio holdings, you agree not to reproduce, distribute or disseminate the portfolio holdings, in whole or in part.

 
 

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.

 
 

Murray Income Trust PLC Annual Report for the Year ended 31 December 2014
Charles Luke, Senior Investment Manager

In this webcast Charles Luke gives an update on a wide range of subjects including performance, a sector breakdown, the twenty largest investments and an outlook for the Trust

Click here to listen to the presentation.

 

 

Manager's Monthly Report

April 2015

After a weak showing in March the FTSE All-Share Index recovered some lost ground in April rising 3% on a total return basis. The Index is up 7.8% year to date. All size groups enjoyed a positive month, the FTSE 100 Index was strongest, ahead 3.2%, with the FTSE SmallCap Index returning 1.6%. At the sector level Oil & Gas and Basic Materials staged a recovery in April whilst Health Care and Consumer Services were the two weakest performing areas.

UK macroeconomic data showed a loss of momentum in the month with the UK Manufacturing PMI below expectations at 51.9 against 54 in March. This was the slowest growth for UK factories in seven months and evidence of further unease ahead of the General elections in May. The strengthening of the pound against the euro was also sighted as a contributing factor to the weaker than expected readout. The Office for National Statistics reported in April that the rate of economic growth had halved in the three months to the end of March with the UK economy growing just 0.3% in that time compared to 0.6% in the last three months of 2014. Market forecasters do, however, expect a recovery later on in the year.

In a quiet month for trading we wrote a handful of options including calls in Linde and Pearson and some puts in Ultra Electronics.

The UK equity market has continued its strong run mostly driven by a rerating of earnings with, as yet, no clear signs of a recovery in earnings growth. Despite this, UK equities were the best performing asset class in April ahead of both UK Gilts and corporate bonds which both posted negative returns. There remains a substantial positive yield gap between the two asset classes. A sustained period of real wage growth, lower oil prices and the positive effects of quantitative easing in Europe should act as a stimulus for UK businesses in the months ahead.


Source: Monthly Factsheet Aberdeen Asset Managers Limited