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Bruce Stout: why I'm keeping Murray International defensive in 2013
Bruce Stout, manager of the highly regarded Murray International investment trust, explains why his only new investment in 2012 was Canada's PotashCorp.
Bruce Stout, manager of the Murray International investment trust, a fund tipped by our Citywire Selection analysts, has increased his exposure to commodity stocks after their share prices fell to new lows. His only new investment this year was Canada's PotashCorp, which mines the vital ingredient for fertiliser. He has also increased his holding in Brazilian miner Vale, the world's largest iron ore producer.