Murray International is among the biggest investment trusts in its area, a global fund and a conviction investor with a rather negative view of British and European stock markets at present and a view that, even in the United States, there are few bargains to be found. This means its portfolio is weighted towards emerging markets, with about a quarter of its assets in Asia Pacific excluding Japan, and only two quoted on the Japanese market.
That focus on emerging markets means that some of its biggest holdings may be unfamiliar to UK investors. They include Asur, which operates airports in Mexico including one at Cancun, the tourist destination, and several technology and telecoms companies.
There are a total of 76 holdings, a number that