The European Smaller Companies Trust

LN: ESCT

Market Cap£581m

Last Close 145p

The European Smaller Companies Trust seeks capital growth by investing in smaller and medium-sized companies that are quoted, listed or have operations in Europe (excluding the UK).

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Investment summary

The European Smaller Companies Trust (ESCT) (formally TR European Growth Trust – please refer to our last note for more details) is positioned further down the market capitalisation scale than its AIC peers making full use of its permanent capital base. The stylistically balanced profile incorporating growth, value and core characteristics gives it the potential to outperform over the longer term regardless of shorter-term market leadership. The experienced and long tenured fund manager, Ollie Beckett, believes that the current high levels of inflation will moderate, but will likely settle in the long term in the 3–4% range, presenting differing challenges and a divergent economic landscape for investors to navigate.

Content on The European Smaller Companies Trust
The European Smaller Companies Trust – Does what it says on the tin
Investment companies | research Update | 7 July 2022
TR European Growth Trust – Making changes but keeping successful approach
Investment companies | research Review | 3 December 2021
TR European Growth Trust – Differentiated option at a significant discount
Investment companies | research Review | 11 August 2021
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Sector
Investment companies
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Share price graph
Price performance
%
1m
3m
12m
Actual 7.0 0.4 (19.2)
Relative* 2.1 (3.2) (20.0)
52-week high/low 191.9p/131.5p
*% relative to local index
Key management
Ollie Beckett Fund manager
Rory Stokes Fund manager

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