Charles Luke, manager of the Murray Income Trust, starts this interview with a reminder about the types of company he likes to invest in. He then reveals details about three new holdings: Oxford Instruments, Safestore, and London Stock Exchange Group. Charles also discusses the pros and cons of mergers and acquisitions, before going into detail about the Trust’s ESG credentials, with the example of a company he sold due to an internal bullying culture. 

What’s covered in this episode: 

• What companies the Murray Income Trust invests in
• Recent performance of the fund
• The manager’s view on opportunities in the UK equity market today
• Opportunities on UK mid-caps
• What the manager likes about new holding Oxford Instruments
• What the manager likes about new holding Safestore
• What the best performing companies all have in common
• Why the manager invested in the London Stock Exchange
• How much M&A activity there is today and which companies in the portfolio could be targets of a take-over
• How the manager looks at Environmental, Social and Governance factors when investing 
• Which company was sold because of a bullying culture
• The manager’s hopes for next year

More about this fund:
Backed by a strong UK equities team, Murray Income Trust is all about building a portfolio of high-quality companies which deliver a resilient income, as well as offering strong capital growth prospects. The result is a dependable, diversified and differentiated trust, which has delivered consistently strong performance at a time when it has been challenging for UK equities. The trust has grown its dividend for investors for almost 50 years.

Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.