Livingston (basketball)

Edison issues review on Murray International Trust (MYI): Business as usual ahead of manager’s retirement

Retrieved on: 
Wednesday, April 10, 2024
Livingston (basketball), Retirement, MYI, Growth, Policy, Stout, Security (finance)

Murray International Trust’s (MYI’s) managers are transitioning smoothly from a team of three to two, ahead of Bruce Stout’s retirement at the end of June 2024.

Key Points: 
  • Murray International Trust’s (MYI’s) managers are transitioning smoothly from a team of three to two, ahead of Bruce Stout’s retirement at the end of June 2024.
  • The two remaining managers, Martin Connaghan and Samantha Fitzpatrick, have worked closely with Stout since 2001, so MYI’s shareholders can have confidence that it will be ‘business as usual’ in H224 and beyond.
  • MYI is a very well-established trust, with an experienced collaborative management team, offering investors the prospects of both income and capital growth.
  • Versus its peers, MYI has a higher allocation to emerging markets due to their higher growth potential and attractive valuations.

Edison issues update on Murray International Trust (MYI): Attractive offering of income and capital growth

Retrieved on: 
Tuesday, January 30, 2024
Growth, MYI, Diageo, Livingston (basketball), COVID, Trust, Stout, Pernod Ricard, Policy

Murray International Trust’s (MYI’s) three managers, Bruce Stout, Martin Connaghan and Samantha Fitzpatrick, have worked closely together since 2001, so it will be business as usual when Stout retires at the end of June.

Key Points: 
  • Murray International Trust’s (MYI’s) three managers, Bruce Stout, Martin Connaghan and Samantha Fitzpatrick, have worked closely together since 2001, so it will be business as usual when Stout retires at the end of June.
  • Portfolio turnover is relatively low as Stout, Connaghan and Fitzpatrick invest with a long-term perspective, seeking ‘good businesses at good prices’.
  • Decision-making is a collaborative, measured process, and all three managers must agree on a transaction before it goes ahead.
  • Recent new positions include alcoholic beverage companies Diageo and Pernod Ricard, where share price weakness provided attractive entry points.