The European Smaller Companies Trust

LN: ESCT

Market Cap£589m

Last Close 147p

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

TR European Growth Trust (TRG) is looking to attract a broader investor audience through a range of changes announced after a recent strategic review. The board hopes the change of name (due in January 2022) to The European Smaller Companies Trust will make TRG’s investment focus more explicit, while an eight-for-one share split (due on 13 December) should boost liquidity and help attract smaller regular savers on retail platforms. A reduction in the base management fee (already in place) will benefit existing as well as new investors, while a new benchmark (from 1 July 2022) is more of an administrative issue. The successful investment approach, mainly targeting capital growth from attractive but undervalued growth companies, as well as the management team led by Ollie Beckett at Janus Henderson Investors, remain unchanged.

Content on The European Smaller Companies Trust
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
TR European Growth Trust – executive interview
Investment companies | Edison TV | 23 June 2021
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Sector
Investment companies
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Share price graph
Price performance
%
1m
3m
12m
Actual (2.4) (7.6) (20.3)
Relative* (3.4) (7.1) (22.9)
52-week high/low 191.9p/134.0p
*% relative to local index
Key management
Ollie Beckett Fund manager
Rory Stokes Fund manager

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