Murray International: People are still getting to grips with the idea money isn't free anymore
29 September 2023
The management team of the global income trust talks about the implication of higher interest rates, explains their allocation and discusses the future of the trust.
By Jean-Baptiste Andrieux, Reporter, Trustnet.
After 20 years at the helm of the Murray International Trust, manager Bruce Stout recently announced he will retire in June 2024. Under his tenure, the trust has built a reputation for its focus on defensive businesses that have the capacity to retain both earnings and dividends while keeping valuation in mind.
This approach was rewarded during the 2000s and through the global financial crisis and the trust has returned 640.5% to investors since Stout took over. However, it has struggled in the past 10 years during an era in which growth stocks have dominated markets.
https://www.trustnet.com/news/13391503/ ... ee-anymore
I hold MYI.