The board of the £1.7bn Murray International trust, managed by Aberdeen Asset Management, has reported emerging markets exposure gave a strong boost to performance in the first half to the year, with Latin America being a "standout performer".
Over the six months to 30 June, the trust's NAV total return was up by 9.4%, outperforming its benchmark (which is made up of 40% FTSE World UK and 60% FTSE World ex UK) return of 5.6% over the same period. Its share price total return was also up by 6.4% while its premium has risen to 2% as at 16 August, having traded on a discount as wide as 3% during the first four months of the year, according to Winterflood. Murray International's Stout criticises central banks for 'discredited stupidity' Chairman of the board, Kevin Carter, has attributed this outperformance to having a well-...
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