UPDATE: A revised profile for this trust was published in September 2026.
Murray International (ticker: MYI) was founded in 1907, and it has been managed by Bruce Stout since 2004, although his involvement in the trust dates back to the early 1990s. It's the largest trust in the Global Equity Income sector with £1.8bn of assets. Murray International's portfolio differs from other global trusts with nearly half invested in Asia and Latin America where Stout and his team believe companies have stronger fundamentals and income prospects, thanks to favourable demographics and less indebted govern...
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Murray International (MYI) was launched in 1907 and has followed a global equity income mandate since the mid-1980s. It is comfortably the largest trust in the Aberdeen stable with net assets of around £2.2bn. Bruce Stout managed MYI from 2004 to 2024 before handing over the reins to Martin Connaghan and Samantha Fitzpatrick, who had both worked alongside him for 25 years. Its annualised total return over the 22 years to the end of 2025 was just under 11% on a NAV basis, around one percentage point better than the various benchmarks that the trust has used, with individual yearly returns often...
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In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to Bruce Stout, manager of the Murray International Investment Trust (MYI). While Jonathan is away in the Netherlands, Stuart Watson, author of the Money Makers Circle in-depth trust profiles, joins the podcast to bring you a summary of the week’s news and market movements.
You can listen to this week’s podcast in full on the audio players below. Alternatively, you can subscribe and download it on most podcast channels including Soundcloud, Apple, Spotify, Stitcher and others.
If you enjoy the weekly podcast, you may also find value in joining The Money Makers Circle. This is a membership scheme that offers subscribers an opportunity to receive additional premium content, including interviews, investment trust performance data, market/portfolio reviews and regular extracts from the editor’s notebook. This week, as well as the regular features, the Circle features a profile of GCP Infrastructure (GCP). A subscription costs £8 a month, or a modest £2 a week.
00:29 – Introduction, this week’s guest, and the Money Makers Circle
02:15 – This week’s news and market movements with Stuart Watson
10:59 – Q&A with Bruce Stout
48:13 – Jonathan Davis looks at recent trust management changes
56:39 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
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We are an independent research and publishing venture committed to providing high-quality investment information and resources. You can sign up below to be notified about the latest podcasts by email as soon as they become available. Please note that the podcasts should not be regarded as personal financial advice, but are provided for information and background only. We are very grateful for your continued support and the enthusiastic response to our nearly 150 podcasts in the more than two and a half years since launch.
Disclosures about the editor’s personal holdings of investment trusts can be found here. Our podcasts are also available on the Association of Investment Companies website (www.theaic.co.uk) and Doceo (doceo.tv). The producer of the podcasts is the brilliant Ben Gamblin – more details on him here.
In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis attends the AIC’s inaugural Investment Company Showcase event, held on Friday 28 October 2022. He is joined for brief chats, first by the CEO of The Association of Investment Companies, Richard Stone, followed by a number of the fund managers also in attendance.
You can listen to this week’s podcast in full on the audio players below. Alternatively, you can subscribe and download it on most podcast channels including Soundcloud, Apple, Spotify, Stitcher and others.
If you enjoy the weekly podcast, you may also find value in joining The Money Makers Circle. This is a membership scheme that offers subscribers an opportunity to receive additional premium content, including interviews, investment trust performance data, market/portfolio reviews and regular extracts from the editor’s notebook.
In addition to the regular features, this week the Circle features a profile of Third Point Investors (TPOU).
A subscription costs £8 a month, or a modest £2 a week.
01:06 – Review of the week
03:30 – Corporate news and accouncements
09:13 – A summary of the week’s results
12:29 – Money Makers Circle
12:44 – Fund manager chats
1:02:35 – The Investment Trusts Handbook 2023
1:03:07 – Close
About Money Makers
We are an independent research and publishing venture committed to providing high-quality investment information and resources. You can sign up below to be notified about the latest podcasts by email as soon as they become available. Please note that the podcasts should not be regarded as personal financial advice, but are provided for information and background only. We are very grateful for your continued support and the enthusiastic response to our 130 podcasts in the more than two years since launch.
Disclosures about the editor’s personal holdings of investment trusts can be found here. Our podcasts are also available on the Association of Investment Companies website (www.theaic.co.uk) and Doceo (doceo.tv). The producer of the podcasts is the brilliant Ben Gamblin – more details on him here.
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