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European Assets Trust

LN: EAT

Market Cap£440.7m

Last Close 267.39p

European Assets Trust was launched as a Dutch company in 1972 and was previously dual listed on the LSE and Euronext Amsterdam exchanges. The trust formally migrated from the Netherlands to the UK on 16 March 2019. It targets capital growth through investment in quoted small- and medium-sized companies in Europe (ex-UK), using the EMIX Smaller Europe ex-UK Index as a benchmark.

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Investment summary

European Assets Trust (EAT) seeks to generate long-term capital growth by investing in a concentrated but diverse portfolio of small and medium-sized European companies. The trust has adopted a high distribution policy that pays a dividend of 6% of NAV as at the end of the preceding financial year. Managers Sam Cosh and Lucy Morris used the Q120 market sell-off to improve the quality of the portfolio and these changes are having a favourable impact on EAT’s performance. In the six months to end-January 2021, EAT made positive absolute gains, returning 23.7% in NAV terms, and outperformed the benchmark, which returned 22.2%. The trust has consistently outperformed the UK market over the past 10 years.

Content on European Assets Trust
European Assets Trust – High income and improving performance
Investment companies | Review | 25 February 2021
Company profile - Aberdeen Asian income fund feature image - 28062019- JPGmoney & pens
European Assets Trust – High-yielding outperformer focused on growth
Investment companies | Review | 28 August 2020
Company profile - Aberdeen Asian income fund feature image - 28062019- JPGmoney & pens
European Assets Trust – Long-term capital growth and income
Investment companies | Review | 24 January 2020
Company profile - Aberdeen Asian income fund feature image - 28062019- JPGmoney & pens
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Share price graph
Price performance
%
1m
3m
12m
Actual (1.2) (5.9) 1.9
Relative* (7.3) (7.4) (2.1)
52-week high/low 293.5p/262.5p
*% relative to local index
Key management
Sam Cosh Fund manager

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