Murray Income leaves All-Share trailing

26th Oct 2010 13:59

Murray Income Trust, the UK equity focused investment trust, outperformed both the FTSE All-Share and FTSE 350 Higher Yield indices in the third quarter.Net asset value (NAV) per share rose 14.4% to 598.8p. Over the same period the FTSE All-Share rose 13.6% while the FTSE 350 Higher Yield climbed 12.7%.Gross assets at the end of September stood at £425.5m, while short terms borrowings came to £35m. The trust's gearing was 9.0%. The company said it has entered into a new revolving loan facility of £60m, to follow on from its £45m loan facility, which expired on 1 October 2010. The £60m loan facility expires on 17 October 2011.The major sectors in which the trust is invested are financials (22.5% of portfolio), oil & gas (13.9%), consumer services (13.7%) and consumer goods (10.7%), while its three major equity holdings are Centrica, Royal Dutch Shell B and British American Tobacco. Around 7.2% of the portfolio is held in cash.