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Emerging markets help Murray Intl Trust beat benchmark

By BFN News | 10:55 AM | Friday 06 August, 2010


Murray International Trust produced an NAV total return for the six months to June of 3.7%, compared with a negative 4.2% by its benchmark, 40% FTSE World UK/60% FTSE World ex-UK. Over the period the trust's share price rose by 7.8%, reflecting a move to a premium to net asset value. Chairman John Trott said its performance was enhanced by maintaining low levels of investment in the UK and having significant exposure to Asia and Latin America. Positive contributions from stock selection in Mexico, Malaysia, Indonesia and India were also material, along with the impact of reducing exposure to cyclical companies earlier in the year. Story provided by StockMarketWire.com

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