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 21-Feb-2012
Ord| Price | 665.00p |
| NAV | 644.30p |
| Prem/-Disc | 3.21% |
| Net Dividend Yield | 4.32% |
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.
Manager's Monthly Report
February 2012
The FTSE All-Share Index ended January higher, rising by 2.7% on a total return basis following the small rise during December. The cumulative impact of actions taken to improve liquidity, particularly the introduction of the European Central Bank’s Longer Term Refinancing Operation, significantly reduced concerns about systemic risk and led to a sharp rally in risk assets. The banking and mining sectors outperformed while more defensive areas of the market lagged.
Although economic releases reflecting historic activity were generally weak, there were some initial signs that activity may be stabilising with the PMI surveys printing a little ahead of expectations. The initial estimate of fourth quarter GDP suggested a fall of 0.2% as construction and industrial activity declined. CPI inflation fell to 4.2% in December from 4.8% in November representing the largest monthly fall since April 2009 as fuel and clothing prices declined. The Monetary Policy Committee maintained interest rates and the asset purchase programme at unchanged levels, however falling inflation provides some scope to increase the quantum of asset purchases.
During the month we added to our holding in Tesco, following the company’s poor trading statement. We believe that the current valuation factors in very little likelihood of the company successfully improving its operations in the UK. We sold our small holding in Mothercare following protracted weakness in the company’s domestic operations. We continued to write options as a means of gently increasing the income available to the Trust with calls in National Grid and Shell amongst others, and puts in Schneider Electric, Sage and Nordea
Source: Monthly Factsheet Aberdeen Asset Managers Limited