Watson gears up to 12%

Ross Watson, manager of the Murray Income Investment Trust, has geared up the trust to 12% to take advantage of a medium-term improvement in equity markets. The trust, which has around £372m in assets under management, ranking it the fifth largest in the UK Growth & Income sector, has seen its gearing level rise from 2% in January. Watson said: 'I invested money into the market in June. Gearing at the end of June, the end of the financial year, was approximately 9%. In July, I invested further money and gearing is approximately 12% today. That shows I do have confidence in the medium-t...