After a sluggish couple of years for the Murray International investment trust, performance has been stellar in 2016, with the trust's net asset value up a whopping 47 per cent.
But despite enjoying a purple patch, posting gains well in excess of the average global equity income trust return of 20 per cent, the trust can be picked up at a discount of 5 per cent, which is wider than its one-year average discount figure of 2 per cent.
This opportunity has not escaped the eye of some of the investors who use our sister website Interactive Investor, as for the first time since January the trust has re-entered the top 10 most-bought trusts table.
Murray International, a Money Observer Rated Fund, has a meaty weighting to emerging markets, accounting for around 40 per cent of the portfolio at present. It has an impressive long-term track record for growing both capital and income.
Manager Bruce Stout is instinctively contrarian and has been cutting down the trust's UK weighting over the past couple of years. The dividend yield stands at 4.1 per cent.
Nick Train, manager of Finsbury Growth & Income, recently penned a piece for Money Observer, highlighting why he thinks businesses that are becoming increasingly technologically savvy will reward investors handsomely in the years to come.
Completing the top 10 are Fundsmith Emerging Equities Trust (moving up one position to eighth, despite relatively unremarkable mid-sector performance over the month) and Foreign & Colonial (moving down one position to ninth), while Murray International re-enters in 10th spot.
|Rank||Fund||AIC sector||Change since September||1m SP total return to 2 Nov (%)||3yr SP total return to 2 Nov (%)|
|2||Woodford Patient Capital||UK all companies||--||-5.3||N/A|
|3||Finsbury Growth & Income*||UK equity income||--||-0.3||41.2|
|5||City of London*||UK equity income||--||-1.7||19.2|
|6||Biotech Growth||Biotechnology & healthcare||--||-8.1||64.3|
|7||BlackRock World Mining*||Commodities & natural resources||--||10.4||-14.5|
|8||Fundsmith Emerging Equities||Global emerging markets equities||+1||6||N/A|
|9||Foreign & Colonial*||Global||-1||4||46.4|
|10||Murray International*||Global equity income||New entry||1.2||16|
|Source: FE Trustnet. *denotes a Money Observer Rated Fund|
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