FTSE 250-listed Murray International Trust has reported a net asset value (NAV) total return of 14 per cent in the year ended December 31st.
The company further recorded a benchmark total return of 11.4%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Some £99m of new shares were issued at a premium during the year.
Kevin Carter, Chairman of Murray International Trust, said that positive capital gains over the period represented a significant and welcome recovery for global equity markets.
"The total return on net asset value of 14.0% was ahead of the return of the benchmark index of 11.4%, and the share price total return of 19.0% reflected a slight expansion of the premium," he said.
"The key positive influences were a significant overweight position in Asia ex Japan and excellent stock selection in Latin America."
Murray International Trust's share price was up 0.87% to 1,153p at 09:02 on Wednesday.
MF
-
How to pay in a chequeReceiving or writing a cheque has become much less common in recent years as instant bank transfers have grown in popularity. Amid widespread bank branch closures, we explain what to do if you get a cheque, and how you can pay one into your bank account.
-
Crypto assets of seven million UK investors at risk – how to keep yours safeCryptocurrency wallet rules make it hard to track down assets after someone has died, even if they leave a will saying who they would like to inherit them
