The European Smaller Companies Trust (LSE: ESCT)

Currency in GBP

Last close As at 30/03/2023


3.00 (1.95%)

Market capitalisation


The European Smaller Companies Trust seeks capital growth by investing in smaller and medium-sized companies that are quoted, domiciled, listed or have operations in Europe (excluding the UK). The trust invests mainly in Western Europe with the portfolio typically holding more than 120 companies, with an average market cap of around £1bn and rarely above £3bn.

Equity Analyst

David Holder

David Holder

Associate Director, Investment Trusts

Key Management

  • Ollie Beckett

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (6.0) 5.0 (2.8)
Relative (1.7) 4.8 (0.6)
52 week high/low 172.0p/124.5p


In our last note on The European Smaller Companies Trust (ESCT) (Does what it says on the tin), we communicated to investors fund manager Ollie Beckett’s market views and how this has affected the fund’s positioning. In this note we update investors on Beckett’s latest thinking and why he feels that, despite all of the negativity and volatility, European smaller companies and ESCT particularly are well placed to deliver long-term growth for investors.


Investment Companies

European equities

Investment Companies

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