Murray Income | Winterflood Research

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Income and capital growth at a notable discount

Murray Income aims to generate high and growing income combined with capital growth by investing principally in listed UK companies, complemented by an overseas allocation of up to 20% of NAV. An AIC ‘dividend hero’, the fund has generated dividend growth for 47 consecutive years. Charles Luke, a senior investment director with Aberdeen Standard Investments, has managed the fund since 2006, supported by a 16-strong UK Equities team, and was joined by Iain Pyle as deputy manager in 2018. The managers take a fundamental investment approach to identifying quality companies with global franchises, strong competitive positions and robust balance sheets. The merger with Perpetual Income & Growth* was completed in November 2020, with assets of £427m rolled over. The fund has outperformed the benchmark over the last ten, five and three years, as well as the last twelve months. Over the latter period, the NAV total return was +18.3%, compared with +17.2% for the FTSE All-Share benchmark and +26.8% for the UK Equity Income peer group.

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