| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 132.01 | -61 |
| Intrinsic value (DCF) | 107.36 | -68 |
| Graham-Dodd Method | 2.01 | -99 |
| Graham Formula | 1.13 | -100 |
Murray International Trust PLC (MYI.L) is a globally diversified closed-ended equity mutual fund managed by Aberdeen Fund Managers Limited, with a history dating back to 1907. Listed on the London Stock Exchange, the trust invests across public equity markets worldwide, targeting companies of all market capitalizations and sectors. Employing a top-down fundamental analysis approach, MYI.L focuses on value, performance, and macroeconomic trends to build its portfolio. The fund benchmarks against a composite index (40% FTSE World UK Index, 60% FTSE World ex UK Index), emphasizing a balanced UK and international exposure. With a market cap of approximately £1.62 billion, Murray International Trust is a prominent player in the asset management sector, appealing to investors seeking long-term capital growth and dividend income. Its well-established track record and Aberdeen’s stewardship reinforce its credibility in the financial services industry.
Murray International Trust PLC offers investors exposure to a globally diversified equity portfolio with a focus on income generation and capital appreciation. The trust’s low beta (0.626) suggests lower volatility relative to broader markets, making it attractive for risk-averse investors. A dividend yield of approximately 4.6% (based on a £0.118 per share dividend) enhances its appeal for income-focused portfolios. However, its reliance on Aberdeen’s management and the inherent risks of global equity exposure—such as currency fluctuations and geopolitical uncertainties—pose potential downsides. The absence of leverage (zero total debt) is a positive, but the fund’s performance remains tied to stock selection and macroeconomic conditions. Investors should weigh its historical resilience against sector-specific risks in financial services.
Murray International Trust PLC differentiates itself through its long-standing history, global diversification, and income-oriented strategy. Its competitive advantage lies in Aberdeen’s fundamental analysis-driven approach, which prioritizes value and macroeconomic trends over short-term market movements. The trust’s composite benchmark (40% UK, 60% ex-UK) provides a balanced risk profile compared to peers with heavier regional concentrations. However, its closed-ended structure may lead to discounts/premiums to NAV, introducing pricing volatility unrelated to portfolio performance. While MYI.L’s zero debt enhances stability, its fee structure and reliance on active management could underperform passive alternatives in bullish markets. Competitors with lower expense ratios or more specialized geographic/sectoral focuses may appeal to niche investors, but Murray International’s broad mandate and dividend consistency solidify its position as a core holding for diversified portfolios.