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%.
The total ordinary dividend increased by 9.5% compared with 2011 and shares traded at a premium to the net asset value per ordinary share for the whole year.
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
-
UK-US trade deal announced: US cuts tariffs on UK car imports to 10%Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?
-
How to use mid-caps to diversify from the USMedium sized companies are overlooked by investors but could offer an attractive ‘sweet spot’. We consider the case for mid-caps amid market volatility.
