Murray Income: Signs of Life

[forrado]

It goes without saying that, when it basically comes to doing the same thing, City of London has been by far the better trust in terms of capital and income performance than Murray Income for a considerable period of time. However, there are encouraging signs that Murray Income is beginning to turn things around. And, it looks to have been very much down to the appointment in November 2017 of a new Chairman of the Board who told his incumbent manager, Charles Luke, to book his ideas up in no uncertain terms – see …

https://citywire.co.uk/investment-trust-insider/news/murray-income-piles-pressure-on-aberdeen-s-charles-luke/a1096113

Sight of the most recent 1Yr and 3Yr total return figures appears to indicate that a chastened Charles Luke is responding to his Chairman’s scolding as increased investor demand narrows the discount. While on the other hand, Job Curtis at City of London seems to have somewhat lost his way of late.

1Yr
MUT: Share Price +15.3% … NAV +8.5%
CTY: Share Price +4.3% … NAV +2.6%
3Yr
MUT: Share Price +43.6% … NAV +36.2%
CTY: Share Price +27.1% … NAV +26.6%

Maybe it’s time for Murray Income to outshine City of London after being under a cloud for so long.
# Please note I am a long-term shareholder of both trusts #