European Assets Trust (LSE: EAT)

Currency in GBP

Last close As at 17/03/2023


−2.60 (−2.82%)

Market capitalisation


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.

Equity Analyst

David Holder

David Holder

Associate Director, Investment Trusts

Key Management

  • Sam Cosh

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (7.2) 1.8 (19.5)
Relative 0.3 0.8 (19.0)
52 week high/low 116.8p/77.2p


In times of economic stress or extreme investor risk aversion, small-cap stocks are frequently indiscriminately sold down by investors, which has created significant headwinds for European Assets Trust (EAT) over the past 12 months. Factors like stock market volatility created by the war in Ukraine and associated secondary effects such as supply chain disruption, lower economic growth, higher inflation and more hawkish central bank activity have contributed to weak investor sentiment towards European small-cap stocks. Also, the rotation away from long-duration growth assets has presented seismic challenges for managers regardless of asset class, but especially for European smaller companies. In our November 2022 update on EAT, we made the case for backing the experienced management duo, and continue to believe that once markets focus on the fundamentals of the innovation, growth and cheapness in the market, EAT and European smaller companies are well placed to outperform again.


Investment Companies

European equities

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