Discount narrows on Murray International as it delivers positive returns

9.5% share price total return

The discount on the £1.7bn Murray International trust has narrowed in the six months to the end of June as the trust delivered positive returns, despite a challenging market.

At the end of June the discount was 1.8% compared to 6.8% at the end of 2021, according to the half year report published today (12 August). Murray International, which is managed by abrdn, delivered positive returns during the first six months of 2022 with the share price total return at 9.5%, while the net asset value total return was 3.8%. This compared to the FTSE All World TR index, which was down 10.5% over the period. Investment companies can provide returns despite market uncertainty Bruce Stout, investment director of the trust, noted the several macroeconomic challenges b...