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Murray increases dividend by 9.5%

THE £1.3 billion Murray International Trust has declared a 9.5% hike in its dividend, after beating its benchmark in 2012.

Aberdeen Asset Management's Bruce Stout, who runs the international equities investment trust, yesterday voiced his opinion that sovereign bonds in the developed world "appear ludicrously expensive relative to cripplingly negative fundamentals".

Mr Stout said: "A lethal cocktail of unparalleled levels of global debt and unparalleled global money printing, shaken and stirred by numerous financial indicators at multi-century highs/lows, suggests a global fixed-income hangover is fast approaching."

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