The investment trust is one of sector’s lowest cost and highest yielding members
Thursday 07 Feb 2019 Author: Steven Frazer

Global equity income trust Murray International (MYI) is trading at close to a two-year premium to net asset value.

The trust holds total assets worth more than £1.4bn, or approximately £11.05 per share, and trades on a stock price of £11.72 for a premium of  around 6%.

This compares with an average premium of 2% over the past 12 months, say analysts at broker Stifel.

Murray International remains one of the global equity income sector’s most cost efficient for investors to consider, with an ongoing charge of 0.64%, the second lowest according to Morningstar data.

The stock also offers the sector’s highest income yield, currently at 4.42%.

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