Home / Business and Economy / Murray Intl: Global Growth Beyond the Usual
Murray Intl: Global Growth Beyond the Usual
8 Mar
Summary
- Murray International seeks overlooked global opportunities, avoiding typical US/UK focus.
- The trust achieved 36% returns in the past year, more than double average global trusts.
- It boasts 21 consecutive years of rising dividends, offering a 3.6% annual income.
Murray International charts its own course in global equity investing, venturing beyond established markets to uncover opportunities in regions like Mexico and Indonesia. Since 2024, co-managers Samantha Fitzpatrick and Martin Connaghan have guided the 52-stock portfolio with a strategy focused on acquiring high-quality, growth-oriented companies that also provide dividends to outpace inflation.
The trust's £2.1 billion in assets recently delivered exceptional performance, achieving 36% returns in the twelve months leading up to March 2026. This significantly surpassed the 14% average return of global equity income trusts. Amidst global uncertainties, Fitzpatrick emphasized the trust's commitment to controlling what it can: delivering resilient and growing income.
A testament to its stability, Murray International has now raised its dividend for 21 consecutive years. The proposed final dividend of 4.6p per share for May 2026 will bring the annual total to 12.8p, a rise of over 5% from the previous year, currently yielding 3.6%. Unlike many competitors, it funds dividends solely from income, reinvesting reserves into its portfolio.
Notable contributions to the trust's performance include US chip-maker Broadcom, driven by AI technologies, and Mexican airport operator Asur, which saw special dividends surge 281% year-on-year. The portfolio also holds diverse companies like Taiwan Semiconductor and Philip Morris. Managers actively trim oversized positions to maintain balance, reinvesting capital into companies facing challenges, such as Diageo, which has seen a 53% share price decline since 2023.
