Murray International Trust (MYI)

Sue58

I am looking at investing into a trust in the global equity income sector and quite like MYI, however although its performance over the past 10 years has been very good does anybody know why it has struggled a little over the past 5 year period in comparison to other global equity income trusts?

Jackthedog

It was going great guns when pound fell.... just the opposite when the pound recently rose...lol

I have this one and I view it as a reasonable vehicle... Oh and the manager inspires my confidence in a rather offbeat way!

pinkllama

It’s struggled over the past 5 years due to being heavily invested in emerging markets. Personally I wouldn’t consider it a standard global trust.

ArchBair

An alternative trust to consider is JP Morgan Growth & Income Trust (JPGI) which has a pretty good yield and has performed quite consistently over the past 10 years.

talexuser

The manager has a very good long term record but has suffered under QE, being one of those who thinks it is just a conjuring trick and fundamentals will make chickens come home to roost eventually.

His recent underperformance was saved by the fall in sterling after the brexit vote which has boosted the fund. I have some money in it for the grandkids on a 20 year view (as well as vanguard).

BLB53

The manager favoured the emerging markets over the USA in recent years which was a poor judgment call and the trust has suffered. He had a good track record before but he is very bearish and worried about global debt.

You would be better with a low cost global index fund such as Vanguard Lifestrategy as managed funds tend to blow hot and cold and are always liable to underperform when the managers make mistakes or apply poor judgment (but continue to charge you just the same).

Sally57

ArchBair wrote: »

An alternative trust to consider is JP Morgan Growth & Interest Trust (JPGI) which has a pretty good yield and has performed quite consistently over the past 10 years.

I did consider MYI and even more so HINT but in the end decided on JPGI. It really is all down to personal choice on holdings, regional allocations etc

MonroeM

Sally57 wrote: »

I did consider MYI and even more so HINT but in the end decided on JPGI. It really is all down to personal choice on holdings, regional allocations etc

I think people that have held MYI over a long period of time are perfectly happy with their investment.

Apodemus

MonroeM wrote: »

I think people that have held MYI over a long period of time are perfectly happy with their investment.

Yep! Had mine for nearly 50 years, originally bought as Murray Western Investment Trust.

Sue58

Sally57 wrote: »

I did consider MYI and even more so HINT but in the end decided on JPGI. It really is all down to personal choice on holdings, regional allocations etc

On reflection, and studying the factsheet I will go with JPGI - looks good to me, good yield with some growth and income.

MonroeM

Apodemus wrote: »

Yep! Had mine for nearly 50 years, originally bought as Murray Western Investment Trust.

Wow - that's amazing! Maybe there should be a bonus dividend payment for investors who stay invested with a trust for 50 years?