Murray International Trust (MYI)

MYI is a diversified investment company with a globally unconstrained remit, and a target of delivering long-term total returns from capital growth and income above inflation. The 116-year-old investment company has been managed by Bruce Stout since 2004, with the addition of Martin Connaghan and Samantha Fitzpatrick in 2019. In this interview with co-manager Samantha Fitzpatrick we discuss how the company has navigated the recent challenging inflation and interest backdrop, alongside the looming threat of recession; the process behind investing in the highest quality businesses and the importance of dividend growth and balance sheet strength in stock selection; how the team balances a bottom up, valuation led approach, and a top down thematic approach; how the company allocates across global markets, and why Asia remains a hugely attractive investment destination; and how MYI will continue to be managed after the retirement of long standing manager Bruce Stout.