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.
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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.
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